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Ed Moya – This Week’s Key Data Is Inflation But Sell The Rip Continues To Be The Market Trend

Cory
June 6, 2022

Ed Moya, Senior Market Analyst at OANDA joins us to look ahead to this week and next with inflation data coming Friday and a Fed statement (including a 50 basis point rate hike) next Wednesday. Markets remain under pressure after a brief rally and the sell the rip/rally being the theme for this year. Ed also discusses the overall health of the consumer.

 

 

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Discussion
2 Comments
    Jun 06, 2022 06:21 PM

    Ed has some good points……………and I tend to agree …………..sell the rips is the theme of the day……………Mr. Benzinga also has the pulse of the market so to speak……………..and I totally agree that 3 to 3.5 % FED rates are not even close to being priced in………………………downward guides to appear with next earning season reporting in July……………will likely produce more anxiety………………while FED tries to cool demand internally, macro/external inflation………is a paper tiger they can only swat at with little or no effect…………they also knew exactly what they were doing with the global lockdown………..surprises are only laid out for you and me !

    In the end the FED will protect their shareholder banks first and you will always be second…….all the BS about full employment is just wizardry behind the OZ curtain………………..take that to the bank !

    Pension funds getting crushed with bond capital vaporizing, with meaningless increase in yield………..just as long as interest keeps flowing to the banks with the never ending growth of debt………..that’s all the Fed was ever about……everything else is just a distraction for our consumption !

      Jun 07, 2022 07:45 AM

      Make no mistake, stocks have begun a big bear market but there will be convincing countertrend moves along the way.