S&P 500 reached 4100 and then dropped to 4019, only 29 points above yesterday you call that "the market is up"? LOL If the inflation is dropping rapidly as you suggested, we should be at least above 4100 right now. With ALL three CPI numbers better than previous month and forecast? C'mon?!!
Will Powell spike the punch bowl ?
- Thread starter Innervoice
- Start date
S&P 500 reached 4100 and then dropped to 4019, only 29 points above yesterday you call that "the market is up"? LOL If the inflation is dropping rapidly as you suggested, we should be at least above 4100 right now. With ALL three CPI numbers better than previous month and forecast? C'mon?!!
You are forgetting about the 1.5 years of recession coming, that has to be factored in too.
I kid, I kid. A little bit.
There is no point to all this cynical bs. You're making theories based on bs assumptions and running with them. And you dismiss facts and outlooks because markets didn't do some orderly predictable move. Markets don't work that way.
The only thing I am gaining is limiting my exposure to the markets, and today was a perfect example. In the past, when that CPI number came out today? I would have jumped in and done some long layering. But just as I suspected, the pre-market rise was squashed. My previous experiences told me that while my heart wanted to believe the CPI print, the experience told me to wait for confirmation of the opening gap.
And it never came. Market rally fizzled.
That's a serious glitch. What is the source?
Cme group dot com (Official)
Need to Change View to “Probabilities”
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
There’s no glitch anymore
