Equity markets are in the throes of the "dog days" of summer and had a sleepy week with an upside bias. Thursday was the pivotal day as a number of indexes penetrated significant resistance which signals a short to intermediate term bull market.
Get ready to be hit by some startling inflation data. The data soon to be released by the government will put a dagger through the hearts of those who are predicting a protracted period of deflation. Wall Street and Washington are telling you inflation isn't something we need to be concerned about for years to come.
