VXX thank you Janet

This is now simple and exposed. Until they see real inflation, they are not raising rates. We will not see inflation until commodities bottom. That could be some time until the energy and oil pumping wars subside. Until OIL makes everything costs more to make and ship, there will be no inflation, JUST ASK JAPAN, who is now back in a recession admitting abenomics was a failure. If they wait for growth, good earnings reports, better data, they will be waiting a long time, while they do damage to the economy while they pander to the big money, corporations, the US Govt, and equities stocks in general. More volatility in Sept-Oct, and if they think the next quarters earnings reports will save this bull, they are kidding themselves. Now that the market has digested this move, or lack of courage, and typical super dovish end game, the truth of this is making itself clear, which is simply not good.