Posted by DigiNomad on 9th of Aug 2023 at 01:06 pm
Energy (oil in particular) up 14% in July and still rising. You
think this report skips the effects (direct and pass through) and
we don't see the impact on inflation until the next print?
We're going to get a higher print sooner or later - the easy
comps are behind us - just not sure if it's going to start with
this print or the next one.
Got me 2nd guessing, if we continue up all day, likely to close
right around 4500 ill def buy some short term protectiknto bottom
of next gap but im also banking on the long systems trades and to
correspond with that we need a weak print. Id be more
confident if we sold off today.
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So... a wave b in
Posted by fredsaid on 9th of Aug 2023 at 01:04 pm
So... a wave b in Aug with a softening inflation and labor print would be $ up, Oil, Energy, GLD down, QQQs, Crypto, SnP up.
Energy (oil in particular) up
Posted by DigiNomad on 9th of Aug 2023 at 01:06 pm
Energy (oil in particular) up 14% in July and still rising. You think this report skips the effects (direct and pass through) and we don't see the impact on inflation until the next print?
We're going to get a higher print sooner or later - the easy comps are behind us - just not sure if it's going to start with this print or the next one.
Good question - Cleveland Fed
Posted by steve on 9th of Aug 2023 at 01:08 pm
Good question - Cleveland Fed out today with projections showing CP increasing the next 3 months
Got me 2nd guessing, if
Posted by fredsaid on 9th of Aug 2023 at 01:51 pm
Got me 2nd guessing, if we continue up all day, likely to close right around 4500 ill def buy some short term protectiknto bottom of next gap but im also banking on the long systems trades and to correspond with that we need a weak print. Id be more confident if we sold off today.