While the market remains more bullishly biased as volatility-based indicators aren't peaked, it's still a wildcard if the Fed pulls the rug and CPI disappoints.
It started out so promising with a large rally in semiconductors. However, the optimism faded as the reality of Fed Chairman Powell's speech on Tuesday and CPI data on Thursday. While the market remains more bullishly biased as volatility-based indicators aren't peaked, it's still a wildcard if the Fed pulls the rug and CPI disappoints. Nonetheless, Fed Funds Futures are pricing in a rate cut in 2023 despite the Fed's Bostic outlining a different plan. (AMD, NVDA, OXY, RIG, XLE, KBH, RL, KHC)...
Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.
Comments
Log in or sign up to join the conversation.