The market tracked brilliantly (down) to our expectations this week. However, the “Bernanke Paradox” is still driving. Down more than 900 points Friday the Dow decline is unlikely to delay an expected rate hike at the Fed’s upcoming meeting.
This morning, a few notes on how the charts – using our Aggregate Index approach – are painting the way ahead. It’s an interesting game of future-guessing.
Which we will get to after a few headlines to kick-start the neurons. You’re about to wrap your head around the whole world’s biggest-ever economic problem: We call it the Bernanke Paradox.