What does it all mean? You have heard me say the Fed is looking at the technical data for when to end their Quantitative Easing. So with the Initial Jobless Claims report that just came out – revised up big, to 368,000 that should have the Fed delaying their timeline to when they stop buying – or will it?
I say this as Bonds have not fared well since this report landed this morning and that makes me believe we are preparing for the Fed to say on December 18th release that even with technicals not at desired levels, they will adjust to a lower QE buying beginning before March.
Just a hunch, stay tuned!
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