MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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NASDAQ - What Levels Are You Watching For?
Eric Zohn: In order for this market to have in any way be bullish, it really needed something from the CPI and FOMC to kind of give a new momentum to the bulls. At least these two things have now failed to be the catalyst, which us going into a quiet or a holiday period means that the markets are going to end up losing a lot of the momentum they built through November. The more momentum we lose here, the increasing likelihood that January could have us taking another trip back, at least down to the previous lows.
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