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Friday, May 8, 2015

Sell In May and Go Away?

The favourite data point that will determine whether Fed will hike interest rates is the  cost of wages and unemployment data, Tonight we will get a some indication of  the employment figures .Last week US employment cost index, saw  biggest year-on-year gain since 2008. Yellen comment on Equities being overvalued all points to interest rate hike soon.
The  most  most obvious risk to a `MayDay MayDay' correction is the Fed tightening scare. But that will most likely require rising wage data.

All posts and charts are for educational and illustration purposes only

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