Last week we were at neutral now we are at extreme fear on the index, things move fast in this business. Tomorrow we have the long awaited CPI but nobody seems to remember with all the crazy bank news. Spy held pretty nicely given all the turmoil, lots of rumors of no rate hike this month. We might just chop around in this area until next week the market hates uncertainty and right now it’s hurry up and wait mode. Last CPI was 6.4 anything under 6 will create a rally, otherwise we stay flat and wait for PPI. Keeping it short today be safe out there
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
