Thursday Dec 1 2022
That is the heaadline in today's WSJ. And the claim is that Powell will throttle back on rate increases, I guess we can expect a replay of that transitory inflation idea again.
but this morning gold is up $42, silver 65 cents, brent and wtic are back over $80, none of that sounds like moderating inflation to me.
And the NASD has suffered considerably this year.
the better observation is that teh SPX biosj [eremt jas returned to its August high.
If this continues thru Dec 3 this is liable to be an up month for stocks, but as you can see above, not an ideal place to jump in.
Let's see what happens by end of week.
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