Stocks & Gold Spike After CPI Miss, Dollar Nosedives

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The first miss for CPI since October has sparked some brief ‘ding-dong-the-taper-is-dead’ euphoria in stocks this morning…

And sent the dollar down hard…

Which in turn sparked a wave of buying on gold, pushing futures back above $1800….

And while stocks are surging, so are bonds with 10Y Yields now down for the day

Is The Fed going to taper because of inflation – which it always viewed as transitory – or is an ever higher stock market’s fragility be the trigger?

Trade accordingly.



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