WEEKLY MARKET DIGEST: NEW QE IN PRACTICAL TERMS $GLD $SLV $TBT $SPY $QQQ $DIA $TBF
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
INFLATION DATA IN LINE
December 14, 2013
Core Consumer Price Index (CPI) came at 0.1% vs consensus of 0.1%. CPI including food and energy fell 0.3%.
Low inflation numbers help the Federal Reserve stay on its present course.
Expect the markets to see saw based on news or rumors related to the fiscal cliff.
Gold futures are at $1696, silver futures are at $32.46, and oil futures are $86.49.
S&P 500 resistance levels are 1424, 1439, and 1444; support levels are 1415, 1410, and 1400.… Please click here or the title below to read more.
December 14, 2012