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| Despite it being one of the slowest times of the year, there's a lot of news going on this week. So WealthPress Senior Strategist Roger Scott and I had no shortage of things to talk about in our weekly roundtable. But the topic that always seems to come up when talking about trading is "transitory" inflation.
The Federal Open Market Committee met Wednesday and could begin tapering — slowing bond purchases — some time before the end of the year. But here's what we see happening...
The Fed will plan to start tapering in the fall, then the stock market will pull back. In a knee-jerk reaction, the talk of tapering will go away and an already bad policy decision will be made worse.
But here's what really bothers me. "Transitory" inflation — meaning temporary — isn't really transitory at all! | | |
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Jeff Z | Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market. | | |
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