Waiting to see if this cup n handle will be verified as true, I'm skeptical though with the sharp decline back in Feb/Mar of last year invalidating it.
This made a move yesterday exactly towards the bottom and bounced right at trend line indicating there is a good resistance down there.
We have been range bound in the S&P for the past 14 days not making a move greater than 1% in either direction so there is some consolidation building for a move in either direction.
CPI numbers are still "transitory" but how long will that last before the central bank starts to think about thinking about talking about rate increases.
China has seen a notable jump in their inflation numbers though it has yet to be passed onto the consumer.
Safe to say with the quantitative easing happening in all central banks around the world that we are looking at a jump in inflation all across the world.
Will that be enough to be a bubble burster? or will it be aliens? :o
Only time will tell,
That's all folks.
This made a move yesterday exactly towards the bottom and bounced right at trend line indicating there is a good resistance down there.
We have been range bound in the S&P for the past 14 days not making a move greater than 1% in either direction so there is some consolidation building for a move in either direction.
CPI numbers are still "transitory" but how long will that last before the central bank starts to think about thinking about talking about rate increases.
China has seen a notable jump in their inflation numbers though it has yet to be passed onto the consumer.
Safe to say with the quantitative easing happening in all central banks around the world that we are looking at a jump in inflation all across the world.
Will that be enough to be a bubble burster? or will it be aliens? :o
Only time will tell,
That's all folks.