WEEKLY MARKET DIGEST: GOLD BREAKS SUPPORT ON HAWKISH FED BUT STOCK BULLS OBLIVIOUS $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. ) STOCKS FRONT RUN YELLEN AND DRAGHI August 22, 2014 Stocks have front run speeches by Yellen and Draghi scheduled this morning in Jackson Hole. Market is expecting super dovish Yellen. If Yellen is not super dovish, expect a disappointment and strong selling. If Yellen is super dovish, S&P 2000 is like a magnet for traders. Rally attempts in oil and gold have met with selling so far in early trading. Interest rates are range bound. Gold