CPI continues to rise especially in the areas of Transportation, Energy (specifically electricity), and Food Away from Home.
While prices continue to rise, the US economy remains resilient with the unemployment rate sitting relatively low at 3.8%, and wages remaining flat.
Big banks begin reporting for the upcoming earnings' season starting this Friday, and we'll see how consumer finances are doing. In particular, I'm most interested in household savings accounts (or depletion) and credit card debt per household.
Then, two weeks later (week of April 22), some of the Mag-7 tech giants report.
My hedge is still a sideways market, however, no longer bullish as I was before. Depending on how this earnings season goes, then I believe it will dictate the rest of the year. The reality of no rate cuts is beginning to solidify and that will translate to higher costs for businesses, consumers, and reckless gov't spending.
$VIX is near YTD highs, so...maybe...perhaps...you should PUT your money where your mouth is.
Note: Please read this site's 24Hour Journal disclaimer regarding finance and investing information. Sign up for a TastyTrade account here.
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ANALYSIS: CPI Rising, Rate Cuts Looking Slimmer
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CPI continues to rise especially in the areas of Transportation, Energy (specifically electricity), and Food Away from Home.
While prices continue to rise, the US economy remains resilient with the unemployment rate sitting relatively low at 3.8%, and wages remaining flat.
Big banks begin reporting for the upcoming earnings' season starting this Friday, and we'll see how consumer finances are doing. In particular, I'm most interested in household savings accounts (or depletion) and credit card debt per household.
Then, two weeks later (week of April 22), some of the Mag-7 tech giants report.
MSFT 0.00%↑ reports on Tuesday, April 23
GOOGL 0.00%↑ and GOOG 0.00%↑ report on Tuesday, April 23
TSLA 0.00%↑ reports on Tuesday, April 23
META 0.00%↑ reports on Wednesday, April 24
AMZN 0.00%↑ reports on Thursday, April 25
My hedge is still a sideways market, however, no longer bullish as I was before. Depending on how this earnings season goes, then I believe it will dictate the rest of the year. The reality of no rate cuts is beginning to solidify and that will translate to higher costs for businesses, consumers, and reckless gov't spending.
$VIX is near YTD highs, so...maybe...perhaps...you should PUT your money where your mouth is.
Note: Please read this site's 24Hour Journal disclaimer regarding finance and investing information. Sign up for a TastyTrade account here.