The “Lower Inflation” Gambit Inflation is showing signs of slowing, as this week’s CPI print came in slightly below the projected 7.2% year-over-year increase. This was enough to spark another mini-buying frenzy, with Monday’s market skying in anticipation of further dovish sentiment from the Fed on Wednesday. As we’ve seen repeatedly since this round of …
An Excursion to the 200-Day Moving Average Sparked by Fed Chair Powell’s nominally dovish remarks last Wednesday, the market spiked up, soaring past the 200-day moving average for the first time since briefly touching it in August. This 10-day chart shows last week’s jump and subsequent sideways move, and the down days on Monday and …
NASDAQ: 12,000 Test Level Sparked by Mr. Market’s undying faith in the someday Fed pivot — even if it’s failed him repeatedly since late summer — the tech index crossed the 55-day moving average on the market’s big gap up on Thursday. It then continued upward with another big gainer on Tuesday, bringing the …
