Thoughts on a “Too Quiet” Labor Day

by Graham Summers
Gains Pains Capital

The stock market is closed today for Labor Day.

A few thoughts on the preceding week:

1) The US Federal Reserve disappointed in a big way during its annual Jackson Hole meeting. It was in 2010 that Fed Chairman Ben Bernanke hinted at QE 2, which kicked off a large rally in stocks and other risk-on assets.

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