GDP price index 4%, expected 3%, so that's crap growth and high inflation. Inflation takes precedence = hikes and stagflation Mind you the market does seem to have an insatiable appetite for the upside. I just look on in amazement...
Seems everyday there was one big cap holding the big cap indexes up. AAPL, MSFT, CAT, GE, AMZN etc. etc. Small and micro caps are looking much weaker.
Most of our imported stuff is from China. I guess it depends on whether the falling dollar is offset by the ever-decreasing (because of increasing efficiency) cost of producing those goods.
Yeah, not bouncing with as much fervor, but then there's been free money all week, so just work it a bit harder. I'm long 7 off yesterday's low, but I have it on a short leash. 831.30 and I'm off for the day. Otherwise, gotta work it. Gonna take an early Friday and count all the week's haul. Happy trails!