Well, if we didn’t already believe that the Fed’s main goal is to protect the stock market, today may have sold you.
Today I’ll discuss the very poor futures outlook before the market opened, then see how St. Louis Fed Chair James Bullard’s comments changed it all.
I’ll show you some statistics that are sobering and give an interesting insight to this.
I will discuss inflation vs. deflation, the Philly Fed and Housing; particularly the growing gap between home builder sentiment and home sales.
Enjoy the show.
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