Advertisement
By Chris Becker
The release of the latest FOMC Meeting minutes overnight saw USD rally against most of the majors (except the oversold Cable) ,the usual epic volatility in gold on the inflation outlook (lack thereof) but risk markets shrugged off the release as the S&P500 slipped 3 points while NASDAQ came off half a percent.
The deflation bogie was raised in the FOMC minutes but it didn’t shake any bears out of the woodwork as the S&P500 remains near its record high in a trend you don’t want to fight:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
Advertisement