The Fed Plans to Hike Rates as it Fails at Its Price Stability Mandate; Gold Should Soon Begin Rising as a Result
Along the lines of our post two days ago re: the St. Louis Fed’s new deflation indicator, below we present a similar indicator that tracks the same institution’s estimate of the Fed hitting its mandated 2.0% (i.e., midpoint of 1.5%-2.5%) inflation…...
Time to Buy WMT after Recent Downside
In the chart below WMT sits atop ~17-yr support line (1) after having witnessed a fair degree of intense selling YTD, with that downside accelerating in the past few weeks. The same selling has also brought it back down to…...