Hello Everyone,
Late last week, the major indices thrust higher (Thursday and Friday) after the CPI report came in less than expected. I will refer to it as the rate hike taper rally as Fed Fund futures indicate the pace of rate hikes will slow going forward. There is certainly no indication of a Fed Pivot or ending QT at this time. As always, respect the trend but do not get complacent with the above backdrop. Trail up stops in accordance with your plan. I will go into more details in the audio portion to follow.
Upcoming Week:
1. PPI Report on Tuesday (Inflation)
2. Retail Sales Wednesday (along with many retailers reporting during the week. Walmart on Tuesday and Target on Wednesday before the open)
3. NVDA reports on Wednesday After the Close
4. Ten Fed members to Speak
5. Home Sales reported on Friday
Please take a moment to look at the trade ideas.
