Looks like another rally before the announcement by the fed at the end of the month on ratehikes.. market supposingly has already priced in 75 basis points and is believed that the CPI that would be announced tomorrow will drop.. prompting the fed to drop rates soon..
However.. the feds have indicated that they will not stop until inflation drops significantly or until something critical breaks in the economyand the macro factors have not change much.. supply chain is still tight.. china rolling lockdowns are still continuing.. the ukraine war is not showing any signs of stopping.. and the continuing tension between US and China is not helping..
In any case.. trade with caution.. this period will be choppy and market should be moving sideways until a clearer direction from the fed and more economic indicators show otherwise..
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