Replies to post #155 on Market Timing

[gfp927z]

(cont) So we can expect rosier data. Along those lines, what about the CPI and PPI next week (Aug 12, 14)?

Trump said he'll replace the fired BLS commissioner in 3-4 days, so will the new hand picked BLS flunky be in place in time for the Aug 12 CPI number? That's a big question for near term traders, since the June CPI rose to 2.8% from May's 2.4%. A bad number for July (3% or more) and the stock market is in deep trouble.

So we're entering into an even bigger 'Twilight Zone' than ever before. Over time the assumption will be that data consistently gets the rosy massage treatment. And next May, Trump gets his flunky to replace Powell, and the Twilight Zone is complete.



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