The Momentum Is Reversing

CNBC says that the selloff was due to a weaker than expected ISM number, but the number was actually better than expected. The real reason this market sold off is much more complex than a single data point, but that doesn't fit well into a headline.

What is troubling about this market is that momentum is reversing as worries grow that maybe the Fed may not be quite so accommodative down the road. This market has rallied primarily due to the liquidity created by central bankers and now there seems to be some recognition that won't last forever. Ironically, what would probably help the market the most is very weak economic data, which would push the Fed to make dovish comments about the future of its bond buying....1370 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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