US CPI data came in better than expected which has raised inflation fear sending US stocks lower and the US$ higher. However, this comment on the data should be noted. The Aussie and Kiwi were the hardest hit by the US$ strength and triggered new breakouts.

When I woke to news this morning about the tariff update and impact this had on stocks the image above came to mind. It seems to me that it is not so much natural market forces at play but, rather, strings being pulled by some in what I suspect to be rather calculated moves. The […]