We are where we are.
I am not sure of exactly what Powell said today that made the market rally like it did after he spoke.
Perhaps he was careful not to be as hawkish in his comments as he has been in the past/Dunno.
Price is over a Rising Wedge but this can remain bullish for quite some time. This pattern is not valid until broken.
Just be safe and play this crazy inverted yield curve market by ear.
This market is dying to go up for the time being, until it is not.
Be safe/no recommendation.
I missed the speech. Does anyone know what was positive or bullish about it?
I am not sure of exactly what Powell said today that made the market rally like it did after he spoke.
Perhaps he was careful not to be as hawkish in his comments as he has been in the past/Dunno.
Price is over a Rising Wedge but this can remain bullish for quite some time. This pattern is not valid until broken.
Just be safe and play this crazy inverted yield curve market by ear.
This market is dying to go up for the time being, until it is not.
Be safe/no recommendation.
I missed the speech. Does anyone know what was positive or bullish about it?
Yorum:
12-2-22/Price is at a Resistance trendline that will need to be broken if SPY is to move higher. Price remains inside of a Rising Wedge. The 2 lines are broadening somewhat
Yorum:
12-2-22/Jobs report today showing a 62.1% labor participation rate (62.1% of the people in this country work) It sounds like the unemployment rate is still 3.7%.
Wages are going up due to labor shortages.
Wages are rising but it appears wages are growling for the wrong reasons which are inflation and a shortage of labor.
I guess we will see how the market digests these numbers.
Wages are going up due to labor shortages.
Wages are rising but it appears wages are growling for the wrong reasons which are inflation and a shortage of labor.
I guess we will see how the market digests these numbers.
Yorum:
Roll Utah!
Yorum:
FRIDAY, DEC. 9
8:30 am Producer price index final demand Nov. 0.2% 0.2%
10 am UMich consumer sentiment index (early) Dec. 56.5 56.8
10 am UMich 5-year inflation expectations (early) Dec. -- 3.0%
10 am Wholesale inventories revision Oct. 0.8% 0.8%
12 noon Real household wealth (SAAR) Q3 -- -21.2%
12 noon Real domestic debt growth (SAAR) Q3 -- -0.6%
8:30 am Producer price index final demand Nov. 0.2% 0.2%
10 am UMich consumer sentiment index (early) Dec. 56.5 56.8
10 am UMich 5-year inflation expectations (early) Dec. -- 3.0%
10 am Wholesale inventories revision Oct. 0.8% 0.8%
12 noon Real household wealth (SAAR) Q3 -- -21.2%
12 noon Real domestic debt growth (SAAR) Q3 -- -0.6%
To the drawing board once again!