* CPI report came out today of 3.4, 0.1 Point higher than consensus 3.3
* Food and durable goods experienced significant gain.. (Egg price went up by 5 percent during this month only... guess no more scramble eggs for the rest of the month fml)
* Other trajectories remained pretty stable from last month.
* Latest PMI report delivered score that is higher than 50 points for the first time in two years.
And so far so on.. Market suggests the narrative is now much further away from expected June Rate cut, which had extended end of the year rally throughout the first quarter of the current year. It is very troublesome time for investors to make their investment decisions. Obviously, you can go for other alternatives like GC ,
CL
,
BTC
, etc..
Chart-wise, I think we are also indecisive of which direction to head towards. We might end up being consolidated till the next inflation relative publication to give us a better hint of Fed's interest rate decision. Each side is surrounded by persistent 4 hour or higher timeframe order blocks with no significant volume occurrence because everyone is too busy buying Treasury bonds and alternative investments...
Here are two narratives you can refer to which I've found quite persuasive..(and obviously, its you who will make your decision):
1. Powell said he will cut rates 3 times this year. Bull trend will continue until the rate cut is completed.
2. One suggests that the Neutral Interest rate is being fixated at the current level, and Fed won't be able to meet their expected rate of inflation. Also, Fed is highly unlikely to lower interest rate until the nomination season is over because it will heavily impact the nomination outcome.
Well, this is it. Wish you all the traders best of luck...and I expect you will pray for myself as well (cuz I need it desperately).
The best of wish to you all.
* Food and durable goods experienced significant gain.. (Egg price went up by 5 percent during this month only... guess no more scramble eggs for the rest of the month fml)
* Other trajectories remained pretty stable from last month.
* Latest PMI report delivered score that is higher than 50 points for the first time in two years.
And so far so on.. Market suggests the narrative is now much further away from expected June Rate cut, which had extended end of the year rally throughout the first quarter of the current year. It is very troublesome time for investors to make their investment decisions. Obviously, you can go for other alternatives like GC ,
CL
,
BTC
, etc.. Chart-wise, I think we are also indecisive of which direction to head towards. We might end up being consolidated till the next inflation relative publication to give us a better hint of Fed's interest rate decision. Each side is surrounded by persistent 4 hour or higher timeframe order blocks with no significant volume occurrence because everyone is too busy buying Treasury bonds and alternative investments...
Here are two narratives you can refer to which I've found quite persuasive..(and obviously, its you who will make your decision):
1. Powell said he will cut rates 3 times this year. Bull trend will continue until the rate cut is completed.
2. One suggests that the Neutral Interest rate is being fixated at the current level, and Fed won't be able to meet their expected rate of inflation. Also, Fed is highly unlikely to lower interest rate until the nomination season is over because it will heavily impact the nomination outcome.
Well, this is it. Wish you all the traders best of luck...and I expect you will pray for myself as well (cuz I need it desperately).
The best of wish to you all.
Comment:
Oh forgot to mention, higher inflation rate in Food and groceries will bring groceries and wholesales assets to safer heaven atleast for the next month. Quite obvious, because will drive better earnings result.