Yesterday Biden expressed confidence that he would show results in fighting inflation. I thought CPI had to fall to the 5.xx%. As a result, CPI in February was unchanged as expected at 6.0 percent and core was also unchanged at 5.5 percent. Month-on-month, it was slightly higher, at 0.5%.There is a long way to go in the fight against inflation, and a quarter-point rise cannot be missed.$Financial Select Sector SPDR Fund(XLF)$ Source of titleclosed $XLF 20230616 32.0 PUT$ $XLF 20230616 32.0 PUT$ roll $XLF 20230616 28.0 PUT$
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Yesterday Biden expressed confidence that he would show results in fighting inflation. I thought CPI had to fall to the 5.xx%. As a result, CPI in February was unchanged as expected at 6.0 percent and core was also unchanged at 5.5 percent. Month-on-month, it was slightly higher, at 0.5%.There is a long way to go in the fight against inflation, and a quarter-point rise cannot be missed.$Financial Select Sector SPDR Fund(XLF)$ Source of titleclosed $XLF 20230616 32.0 PUT$ $XLF 20230616 32.0 PUT$ roll $XLF 20230616 28.0 PUT$
Market Recap | Dow, S&P 500 Close Slightly Higher U.S. stocks treaded water Monday, with investors awaiting Fed Chair Jerome Powell's congressional testimony on Tuesday and important labor market data at the end of the week. $S&P 500(.SPX)$ climbed less than 0.1%, and $DJIA(.DJI)$ added 0.1%, or about 40 points. $NASDAQ(.IXIC)$ slipped 0.1%. Stocks opened the session modestly higher before paring their advance in afternoon trading. All three major indexes climbed last week, with the Dow breaking a four-week losing streak. The indexes, however, are sti