The market is now focused on earnings not inflation

[Innervoice]

Inflation data was just released and basically as expected. That being said, the focus is now on earnings and valuation. If 2022 was an inflation story, 2023 will be the earnings story or lack there of.
That being said, one can look at todays inflation numbers as being a tad on the stubborn side.

 

[maxinger]

Earnings or inflation or whatever,

futures traders continue to focus on

Index futures,
copper, oil, gold
bonds ....

 

[Innervoice]

Yep. All up so far.

 

[Overnight]

Yep. All up so far.

Nope.

 

[murray t turtle]

Yep. All up so far.

%%
MOSLY up/uptrending bull market, SPY/qqq;
usually some stuff down\SPXS\SPXS \sdow down , when most stuff = up.
And today mostly up/ except real estate ETFs down .
Bull markets climb a wall of worry; but i measure trends more than walls of worry or worry................

 

[Innervoice]

Today may be a case and point example of the title of my thread.