Fed Targeting >2% Inflation and A Steepening Yield Curve
Cory
February 25, 2019
Chris Temple joins me today to address a Wall street Journal article and comments from the NY Fed’s John Williams regarding inflation. The article stated the the Fed would be willing (and even happy) to see inflation run over 2% to even out the recent past of less than 2% inflation. We discuss if this is even possible and how much this signifies the recent change in fed policy. We also look at the flat yield curve with the 10/2 spread remaining in the mid-teens.
Click here to sign up for Chris’s webinar starting tomorrow at 8pm ET.
Tom Demark 9 count today on /ES….Wave 7 up since December 2018 low…RSI(14) top divergence signal…..Many shares testing resistance on incredibly light volumes….Fund buying starts this Friday…..Standard momentum technical are curling down slightly…..Upside breakout sure…put in your stop…but a strong downdraft is just as likely…I like the asymmetric bet here so much I went short the spy…good luck all