Markets Surge on Good CPI
Markets loved the CPI report, as the bond market led equity markets higher.
Markets loved the CPI report, as the bond market led equity markets higher.
The relative performance in the NASDAQ and semis now has even more company with the S&P and financials. After long positions triggered last week in QQQ and SMH, here’s the next round of buy the dips on the radar.
After a tame CPI report, bonds took off and the shorts scrambled to cover equity short positions. Usually, these blow-offs take a few days to stop going up, but the expiring of VIX options tonight might help weaken markets tomorrow.
After some big time buying on Friday, the market took a little breather today. Will we see more upside this week? Here’s what I’m looking at.