[expat_panama]

Top 'o the morning and welcome to markets that have become curiouser and curiouser. 

Yesterday's stocks shot up over a %, the S&P climbed up higher even than last Thurs close but IBD's calling the trend now at 'market under pressure'.  Their point (which I got to agree w/ pretty much) is that we're now close to the 50-day moving averages plus the fact that today's rebound was is lower trade versus yesterday's hit in higher trade.

Metals are at least not down much more, tho still not going up either; gold/silver are now at $1,079.80/$14.29.

Another snag is the econ dump:

8:30 AM CPI
8:30 AM Core CPI
9:15 AM Industrial Production
9:15 AM Capacity Utilization
10:00 AM NAHB Housing Market Index
4:00 PM Net Long-Term TIC Flows

--and the CPI's already come out @ +0.2% when everyone expected half that.  To me that means more reason to expect a Fed rate hike.

[citizen]

FED rate hike: Some econo talking head put it at 75-25 against. I tend to agree.

Janet: Proposed Fed law would be “grave mistake.” Fed Chair Janet Yellen came out in strong opposition to a proposed Fed reform act...said she strongly opposes a legislative Fed reform act...
http://www.cnbc.com/2015/11/17/yellen-proposed-fed-law-would-be-grave-mistake.html