Monday, August 31, 2015

8/31/015 Buy on the rumor, sell on the news, or sell on the rumor and buy on the news.

I have said this before.  The actual rate hike might, after initial selling, be the start of a nice bull run.  I am sure that the Fed will accompany a rate hike with lots of palliative language.  The hike may be priced in.  A hike is a sign of confidence in the economy.  Oil seems to have bottomed; the deflationary scare may be becalmed.  There was not a massive unwind of USD carry positions as evidenced by USD not going through the roof.

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