Will the Fed ‘Cause’ a Mini-Crash?

September 20, 2023

by Avi Gilburt GoldSeek

That was quite a week we just had in the market. In fact, if you are a news follower, you are probably confused as hell.

Let’s start with the Wednesday announcement of the higher-than-expected inflation numbers. Of course, most everyone assumed the market would drop on such news. Well, as Gomer Pyle used to say, “Surprise, surprise, surprise.”

Not only did the market rally, but between the higher inflation information published on Wednesday and Thursday, the market rallied 70 points in the S&P 500 (off the pre-market low in the futures). And, for those not counting, that is a 1.6% rally on stronger than expected inflation numbers.

When I read an article on just how bad some view this inflation data, it was no surprise when I saw the following comment: