Macro drivers of 9-13 Januvary trading Week!

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J Powell Effect: When he talks, Markets make unusual moves! It means Volatility will be deviated +/-3 STdev..!

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another example:
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One thing is sure: J Powell is Committed to Bringing back Core inflation to 2% at any cost!

1- Core Inflation:
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2- Inflation rate and PCE: The 12-month rate of change of inflation could become negative for the first time since March 2021.
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3- Job Data: The Silence before Storm!
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Total nonfarm payroll employment increased by 223,000 in December and the unemployment rate
edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.

Private sector Job openings declines 12% in the past 8 months:
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Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance.

Conclusion: EVERYTHING DEPENDS ON CPI & CORE CPI DATA
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with a significant move on last Friday, all major indexes pivoted on the weekly chart which makes it more likely to have a positive week ahead with better-than-expected CPI, Core CPI data!
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The bigger picture: 2023
This year, we are going to experience a recession, lower GDP, Lower Revenue & Profit for most companies, and Lower prices across the board for most stocks and indexes!

Best,









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Beyond Technical AnalysisFundamental AnalysisinflationTrend Analysis

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