The Runaway Rally Before Earnings And CPI
Image Source: Unsplash
The bulls just cannot be beaten right now. It’s another day, another set of all-time highs. As I write this, I’m watching the market hit - bullseye! - the upper edge of its 56.33 expected move.
And here’s the thing - tomorrow, we’ll get important CPI inflation data. Even better, we’ll be moving deeper into earnings, with two dozen or more “crush events” that could bring extremely profitable trades.
Upside volatility is beginning to surge. The VIX isn’t exactly jumping, but it’s showing signs of life.
Of course, this action is all brought to us courtesy of the usual suspects - that shouldn’t be a surprise to anyone. There’s nothing new about any of this. But I’ll take it…
Let’s take a closer look at what’s going on here and what to do about it.
Video Length: 00:13:12
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