QVMS - Pick Investment Period And Strategy - Weekly Blog # 737

• Last week’s CPI numbers shocked some market participants, but really shouldn’t have shocked those who’ve visited retail locations.
• Bullish traders could be overjoyed by Friday’s price action, which showed a considerable increase in volume. They will look at the result as a successful test of an earlier low price.
• During the coming week, the Fed will have its scheduled rate-setting committee meeting. Prior to Friday’s price decline, it was generally expected to be a 50-basis point interest rate increase. This may happen, although the key for the market is not the rate but the issued statement.

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