For FullyInformed Members here is the Stock Market Outlook intraday chart analysis for the afternoon of Tuesday May 17 2016 at 3:00 PM.
With the consumer price index moving up at the fastest pace in more than three years thanks primarily to gasoline and rent, investors are back selling the market lower and wiping out Monday’s big gain. The yo-yo market continues to baffle.
Inflation worries have big cap dividend stocks on the decline as investors see the latest inflation numbers as a sure sign the Fed will raise rates as early as June rather than September. With another interest rate increase the Fed would be at half a percent. I think this is fairly short-sighted on the part of investors as a half point for interest rates is not going to compare with most dividend stocks. But as always selling brings on more selling which is what we are seeing this afternoon………the rest of this stock market outlook this afternoon is for FullyInformed Members.
Stock Market Outlook – Afternoon Intraday Chart Analysis – May 17 2016
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