
UGLY TREASURY AUCTION AND BRAINARD REVERSE THE BUDDING STOCK MARKET RALLY
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Ugly Treasury Auction Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows a big rally when the CPI numbers were reported. The trigger for the rally was that the Core CPI came lower than the consensus. Fed’s Brainard took the steam out of the rally by saying that inflation was too high and getting inflation down was the Fed’s most important task. The chart shows when the results of the 10-year Treasury note auction were