‘Goldilocks’ Has Left The Building – Again
As risk sentiment looks set to remain sour thanks to the increasingly precarious situation in Hong Kong and the seeming inevitability of a fresh debt crisis in Argentina, it's worth asking whether we have now clearly moved away from the "Goldilocks" regime that prevailed for most of 2019.
When growth is firming and central banks are determined to remain accommodative on the excuse that inflation shows no signs of improving and the outlook is "uncertain", assets of all stripes can rally, especia
Core CPI coming in hot this morning, will that be looked at as good news or bad?
https://heisenbergreport.com/2019/08/13/feds-job-gets-even-harder-as-core-inflation-comes-in-hot-again/
So dollar up, yields up, and less chance of future Fed easing. Would have been a bad news morning without the USTR riding in to the rescue.
Just sell the FAANNMG stocks already and don’t buy the dips again so I can sell my SQQQ’s at a profit. Thank you