Thursday, August 14, 2008
Rate Watch: Carefully Floating
Bonds are favorable this morning after a worse than expected Consumer Price Index (worst inflation this year since 1991) and Initial Jobs Claims report which is showing continued weakness in the economy. For now, it is prudent to float and watch to see how Bonds perform underneath the 3 levels of resistance overhead. The markets are very volatile this past week and I will keep you posted on any changes in advice that may occur.