As expected, inflation still too low so another round of stimulus continues until inflation hits 2.0.  A large stock market bubble has been created with record leverage and will create a big mess when it pops.

TLT:SPY took another downturn so looks like the X will be in September when economists expect the taper to occur.  GCPI should be 2.0+ and CCPI around 1.9 when Fed meets in Sep.  Rising interest rates will also cause a stock market crash.  This year there may be an Oct crash after the taper…first one in a long time.

Cash is best until the bubble pops.