With the hotter than expected April 24 released at :.5%, it shows that inflation are indeed sturbbon and I expect the PPI that is going to release tomorrow will be nothing better.
FED is still very concern on high inflation rates and with great determination to bring down the inflation to a target 2%, there are still a lot of jobs to be done and I doubt things will go as smooth as 1st rates cut in June 2024, my view is, fed will keep the current fed fund rates for as long as inflations are high above 3%.
Current market are trading at all time high prices vs valuations and I strongly advise to trade with extra care as market might turn into negative territory anytime and cash is king, wait for the right time to enter will be a wiser option, good luck and take care folks.
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