Spreadex Market Update
19.07.12 Thursday Afternoon
The asymmetric risk/reward profile presented by worse-than-expected data to securities considered a proxy to inflation had remained fragile, but today’s softening of the numbers will again drive anticipation.
The clue for investors is that not only is the fed willing to act if data points worsen but that their consensus outlook currently predicts a worsening, eluding to a joining of the dots that spells ‘QE’.
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