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Archive of entries posted on 18th December 2014

Don’t mess with the Fed, nor Sophie

Thank you Janet Yellen. She’s upbeat on the economy. She’ll hold rates until mid 2015. She used the word “patient.” Cheap money in an upbeat economy is good. After yesterday’s strong move, we’re now above the 50 day moving average — red line. The 200-day moving average is blue. The chart is year to date […]