Why is the FED so Vocal
Yesterday we all saw the FED speakers go out of their way to say that inflation is transitory. The next two days should be the test of the key High day, May 10, on many indices. That is the day when things got quiet, the day when asset prices peaked, regardless of how you calculate them. Today we will provide a series of charts that illustrate where things stand. Stay tuned, I think there will be maybe ten charts, we will see how things unfold as the funny money players are hell bent to push interest rates and the dollar down, while pushing stocks back up to the highs.
Update at 9:45 AM CDT
Market rally attempt has kind of died, so maybe I will hold off publishing charts for a bit.