WEEKLY MARKET DIGEST: STOCKS STAY OBLIVIOUS TO RISK AND BONDS IN A BUBBLE $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) ITALY PLUNGES INTO DEFLATION, GOLD REACTS August 29, 2014 It is well-known that deflation is sinister, much worse than inflation. The data released overnight shows that consumer prices in Italy fell 0.2% year over year in August. Smart Money has sold gold lightly on Italy news. Stocks are set for an early short squeeze to the upside. Traditionally a Friday before a long weekend when there is potential for significant geopolitical events, stocks go down because