Inflation Nation

[Pro-Life]

Janet Yellen's 'Death Cross'
Submitted by Tyler Durden on 04/21/2016 14:22 -0400

http://www.zerohedge.com/news/2016-04-21/janet-yellens-death-cross

From 2011 (Jackson Hole) to 2015 (end QE3) everything was awesome for The Fed's 'trickle-down optimism' plan. As stocks rose so consumer confidence lurched higher as the artfice of equity market 'wealth' smoke-and-mirror-ed the population to believe that even if stuff wasn't awesome now, it soon would be. That has now ended... and as the following 'death cross' shows - Yellenomics is over.

Higher stocks no longer pulls the wool over average-joe's eyes...



As a reminder, this plunge in Bloomberg's Consumer Comfort comes at a time when jobless claims hit 43 year lows!

Or perhaps it was the 25% spike in gas prices at the pump? But then again that is unequivocally good news for US stocks, right?