Test of 0.618 golden Fib level. Long dollar conviction and confluence grows if breaking past 0.65 fib level.
We've had great earnings, GDP and stronger than expected labor markets. Chicago CPI levels expectation coming in hotter. Papa Powel may have to spank markets down; they can't have risks of un-anchored inflation expectations.
Labor is tight, growth is strong, NDX and SPX near ATH. Party time could be over and we'll have to start throwing out trash zombie companies and flushing exuberance.
We've had great earnings, GDP and stronger than expected labor markets. Chicago CPI levels expectation coming in hotter. Papa Powel may have to spank markets down; they can't have risks of un-anchored inflation expectations.
Labor is tight, growth is strong, NDX and SPX near ATH. Party time could be over and we'll have to start throwing out trash zombie companies and flushing exuberance.