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The Fed’s Rate Hike Was Largely Meaningless
Thursday, December 17, 2015 10:26
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investmentresearchdynamics.com / Dave Kranzler /
Last week I suggested that if the Fed nudged up the Fed funds rate, it would likely trigger a pop in stocks and precious metals. The reason is twofold. First, the markets would be relieved that lunacy surrounding the event was over – a “relief” rally, if you will. Second, it’s obvious to everyone, the Fed inclusive, that the economy is tanking. The stock/precious metals rally after the hike reflects the view that the next policy move by the Fed would be a reversal of today’s decision plus more money printing.
The post The Fed’s Rate Hike Was Largely Meaningless appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/17/the-feds-rate-hike-was-largely-meaningless/
