Ben the Dove

Fed chairman B should change his initial to D for dove. As the markets rally as helicopter Ben is back, no longer concerned about inflation dismissing the PPI and today’s CPI numbers. I know he said there might be room for rate hikes to end but what happened to data dependent? Hold everything! Perhaps he is just misunderstood, by putting on a dark brown suit Ben might look a little (very little) like a hawk once again.

The good thing for investors is every thing is up TODAY except the dollar. Gold, oil, and other commodities higher, a lower dollar equals higher prices when quoted in dollars. Equities also spiked but staying here is going to depend on earnings over the next 3 and half weeks