Quote:
Originally Posted by JayBee
Well, finally, a good inflation report card piggy-backed on top of the Fed's pause last week translated into a big week for the markets here, w/ 5 consecutive up days!  :
That is why I am $miling!  Could this be the beginning of something beautiful?  |
In for a quiet week on the data front and while PPI was softer than expected - next months data will include the spike up in energy. More serious though is that the housing data is very soft - we are most likely going into a slowdown (recession??) and late summer rally on relatively weak volume looks a bit shaky technically. Keep a reasonable trailing stop as think the market is heading for a rougher ride in Q4. Payrolls sub 120k (1st Sept) would be a poor signal for me. Like credit markets oevr stocks now - FED has probably finished for now - buy dips on bonds.
For info only - Its YOUR risk.