TBT - Never Hurts To Ring The Cash Register

Market Update & Review

Fortunately, the market rallied on Friday as traders scrambled to hold important support levels following confirmation from Richard Clarida that the Fed has no intention of moving interest rates anytime soon. Via Bloomberg:

• CLARIDA: INFLATION PRESSURES MUTED, EXPECTED INFLATION STABLE
• CLARIDA: WE'LL WEIGH 'WHAT, IF ANY, FURTHER ADJUSTMENTS' NEEDED
• CLARIDA: FED FUNDS RATE NOW IN RANGE OF NEUTRAL ESTIMATES
• CLARIDA SAYS FED CAN AFFORD TO BE DATA DEPENDENT
• FED'S CLARIDA SAYS U.S. ECONOMY IS IN A 'VERY GOOD PLACE'

Despite headlines to the contrary, the employment report on Friday was NOT

Read more ...