Goldilocks situation

Last week the strong jobs report weakened the markets as analysts expected the FED to approach a more hawkish attitude based on this reading. However, yesterday’s CPI which came in softer-than-expected and created a goldilocks situation. A strong US jobs market coupled with a lower inflation are a perfect recipe for the stock market moving forward. As long as the SPY hold $416-7 in the coming sessions, we can expect the recent rally to continue to $425-430. Trim and trail along the way!