The market had been down at the open but has since rallied and now sitting at session highs. Citizens breath a sigh of relief....and continue eating there lunch.
How long are you guys going to keep trying to short and get stopped out, as opposed to more trading for upside potential? Is it when S&P hits the I think roughly 2704 level volente mentions? Very interesting.
Inflation rise toward key level rekindles a big market fear from the 1970s The 2.1 percent January rise in the consumer price index pushes the economy toward a potential danger zone for inflation. A combination of rising price pressures and weakening growth would be a sign of stagflation, a fear from the 1970s. Fed economists expect GDP to grow 2.5 percent in 2018, though the Atlanta Fed has sharply cut its projection for the first quarter.
Put one tiny trade this morning....Long volatility!!!! If these gains erase, volatility is good for a jump at the close