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Re-Emergence of Divergence Helps Stabilize Markets
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
marctomarket.com / by Marc Chandler / Feb 2, 2016
The main driver of the investment climate is not so much the incremental economic data as the capital markets themselves. The market turmoil contributed to the tightening of financial conditions, which in turn heightened risks, which monetary officials are committed to resisting.
Financial markets stabilized last week, but the tone remains fragile. The damage to the technical condition and sentiment requires further consolidation to rebuild investor confidence.
The price action should not detract from the underlying signal, which is characterized by the divergence of economic and monetary policy among the high income countries. Comments by a number of Fed officials, and in particular the leadership, seem to make two key points. First, prudence suggests the bar to a follow-up rate hike in three weeks is sufficiently high to make it unlikely. Second, the gradual normalization of monetary policy remains intact.
The post Re-Emergence of Divergence Helps Stabilize Markets appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/21/re-emergence-of-divergence-helps-stabilize-markets/
