Stocks & Gold Spike After CPI Miss, Dollar Nosedives
The first miss for CPI since October has sparked some brief ‘ding-dong-the-taper-is-dead’ euphoria in stocks this morning…
And sent the dollar down hard…
Which in turn sparked a wave of buying on gold, pushing futures back above $1800….
And while stocks are surging, so are bonds with 10Y Yields now down for the day
Is The Fed going to taper because of inflation – which it always viewed as transitory – or is an ever higher stock market’s fragility be the trigger?