Market Manipulation? Fed Fear Unfounded

I was appalled the other day when I heard the media fixating again on the Federal Reserve, because I thought Janet Yellen had clearly quelled all reason for issue in Jackson Hole. Yet, a recent report published by the San Francisco Fed seems to have the media distracted, and the unfortunate result is a misdirection for SPDR S&P 500 ETF (NYSE: SPY), SPDR Dow (NYSE: DIA) and PowerShares QQQ (Nasdaq: QQQ) traders. Today I examine whether the effects of what may be a manipulation attempt can hold and for how long, and whether or not the Fed is attempting to signal something different than what Yellen implied in Jackson Hole. The latest trading trend of the SPY shows that it matters. My conclusion is that the Fed will likely keep to its dovish tone next week, because it has tangible reason for concern in both economic data and destabilizing geopolitical factors. Thus, the latest trough offers opportunity, however it came about. See the full report Buy this Trough as the Latest Fed Fear is Unfounded.