Markets were slightly higher this morning after a strong move higher on Friday. J Powell fiercely defended the much high inflation rates and continued to call most of them transitory. So the experiment continues. Most economists believe that once the supply disruptions subside and workers go back to work, inflation will subside but there are reasons why some believe that inflation will stay with us for some time to come. If that is the case, the Fed would have to take a more aggressive stance to reduce the long-term effects of inflation but no one really knows how this experiment will end.
For now, we must trade what’s in front of us and continue to invest for the long term but maybe when prices come down some and they will eventually come down. So be patient and wait for those lower prices to come in.
Founder | SimpleOptionStrategies.com
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