Bigworld, Looks like the CPI data will be on Wed, so that could determine the near term direction for stocks, metals, the dollar, etc. Fwiw, after lowering the stock allocation so much, it's great to not have to worry about every new economic data point. I figure there's nothing wrong with collecting the safe 5% on the sidelines.
Since the Fedsters can massage / tweak the economic data to fit their current stance, it will be interesting to see what the CPI number turns out to be. The last time the Fed went dovish was last Oct, and it appeared they were trying to prevent the Middle East war from tanking the global financial markets. With the Gaza operation (slaughter) about to resume, it seems possible that the Fed might go quasi dovish again (?)
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