To The Moon

After the equity market soared with little explanation, reversal this Friday with only a little more reason...or panic...

Yet the day seemed set to continue rising towards key levels...3700 on $S&P 500(.SPX)$ 

The market seemed to want to follow the optimism of the rather decent early earnings reports from the biggest US banks. $JPMorgan Chase(JPM)$ and $Citigroup(C)$ released better than expected results...

Optimism soon faded, after the University of Michigan released its latest consumer sentiment report...showing that one-year inflation expectations rose slightly to 5.1%...

The Federal Reserve would be particularly concerned about inflation taking hold of consumers' minds, triggering a continuous cycle of rising prices...

FED'S GEORGE: UNTIL WE SEE INFLATION TURNING AROUND WE WILL CONTINUE TO BE ON TIGHTENING PATH"

Over the next few days, investors may well be torn between lingering inflation concerns and on the other hand, they will find it hard to ignore corporate results over the coming week...

In the current context, prepare for more volatility...

Below, here SPX level -No buy/sell advise, for information

Low: 3400 - 3500

High: 3650-3700-3890

Thanks for reading

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