Today another perfect example of a bear trap:
In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS.
What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still to fragile and they have to go on and pump more liquidity in the market. And this is exactly what ECB decided today. To move on and... even to accelerate purchases.
Take care guys...
In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS.
What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still to fragile and they have to go on and pump more liquidity in the market. And this is exactly what ECB decided today. To move on and... even to accelerate purchases.
Take care guys...
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It seems they wan't the 16K desperately (break out of the massive wedge just 200 points away.)