Buy when everyone else is selling and sell when everyone else is buying !
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Should We Be Worried?
A number of Fed watchers see the last FOMC meeting signalling a tightening of monetary policy. Tim Duy, for example, sees it in the FOMC's effective lowering of its inflation target via the dropping of the Evans Rule: [A] hawkish interpretation... starts with the end of the Evans rule. Everyone seems focused on the unemployment part of the Evans rule, while my attention is on the inflation part. The Evans rule allowed for the Fed to reach their inflation target from above. It provided wiggle room on the target as long as unemployment was above 6.5%. With the end of the Evans rule, the Fed sends a signal that they no ... (full story)