role of the fed is greater then ever put away the bear suits this bear has been dead for quite awhile
during the banking crisis they silently came in to add liquidity to offset bad loans
The FED uses something called true inflation which is now at 2.8. Believe or not inflation is falling. Traditional inflation models simply do not work anymore.
The old saying still applies do not fight the fed. Fed is back to QE big time. GOLD should be zooming with inflation NOPE.
The spy which is not even the leader pulls back on lower volume re-energizes then rallies again. SPY in 3 month rally.
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