A Loss Of Confidence In The Fed And The Most Important Data In 6 Years

Posted by Bill FleckenStein via King World News

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King-World-News-The-Greatest-Danger-Signal-In-The-World-Is-Now-Flashing-Red-1728x800 cWith continued volatility in global markets, today one of the greats in the business sent King World News a powerful piece warning about a loss of confidence in the Fed and the most important data in 6 years.  He also discussed what is happening in the metals and currency markets.

May 8  – Overnight bond markets were mixed, though German 10-year bunds continued to take a beating, trading as high as 65 basis points before rallying a bit. World equity markets were slightly weaker. The early going here saw the indices sort of hugging unchanged, though slightly red through midday. In the early afternoon though, a small party started and the market closed roughly 0.5% higher. I guess most folks were not too worried ahead of tomorrow’s (Friday’s) nonfarm payroll roulette wheel.

….more HERE