With the S&P 500 trading back above 2,000, it appears The Fed needed to do something to tamp down the enthusiasm exhibited by this manic short squeeze. As Fed vice-chair unleashed the following: “We may be seeing the first stirrings of higher inflastion,” the short-squeeze ended and everything reversed…
- *FISCHER: WE MAY BE SEEING `FIRST STIRRINGS’ OF HIGHER INFLATION
Killing the short squeeze…
Sending gold higher and stocks and crude lower…
But:
- *FISCHER: LOWER OIL PRICES POSITIVE FOR U.S., ONCE MKT STEADIES
so which is it? Is $38 low enough?
via Zero Hedge http://ift.tt/1W3PyTu Tyler Durden