Inflation Fear is Still Haunting this Market
Today’s market is likely being affected by the Durable Goods Orders data, which came in modestly disappointing. Moderately poor economic data is a good thing now though, because it keeps the Fed on hold. Obviously, if the economy tanks and we fall into recession, that’s another story, but a slower growth economy helps keep easy money and low rates in play. Still, I believe today’s market is still bearing the burden of yesterday’s hint of inflation found in the CPI data. For as long as there are inflation concerns, stocks will be stymied. See my full report on inflation and the market here.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Market Sector Security
|
03-25-15
|
SPDR S&P 500 (NYSE: SPY)
|
-1.0%
|
SPDR Dow Jones (NYSE: DIA)
|
-1.2%
|
PowerShares QQQ (Nasdaq: QQQ)
|
-1.7%
|
Vanguard Total Stock Market (NYSE: VTI)
|
-1.0%
|
iShares Russell 2000 (NYSE: IWM)
|
-1.6%
|
PowerShares US Dollar Bear (NYSE: UDN)
|
+0.3%
|
United States Oil (NYSE: USO)
|
+2.1%
|
SPDR Gold Trust (NYSE: GLD)
|
+0.3%
|
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Inflation, Market-Outlook, Market-Outlook-2015-Q1
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