IMO if you shop at Walmart for food you can get a good feel for the delta of CPI right now since you can bet on Walmart wanting to undercut everyone else if possible. Prices have pretty much stabilized. The problem is that was the easy part. Now what? Probably an overreaction here as the next narrative is getting back to target and that will be much much harder than just not going up.
Position closed, waiting to get back in. Big move likely after 1:30-2, can go any side, but bias is down
You nailed it last time. Today, not so much. I'm not at my trading computer, but in % change I think today is a bigger day to the upside than the largest day to the downside this year.
Hrmm, I am trying to access my memory banks, but on the SP I think it is a match, or near match. Didn't we have a 200 point down day on SP this year?
Dow Jones 33,654.5 33,733.0 33,607.0 -93.4 -0.28% S&P 500 3,976.9 3,989.0 3,969.9 -16.0 -0.40% Naz 11,734.3 11,791.6 11,712.9 -82.7 -0.70% Not a penny of ri$$k. Today is just a test, quite possible that it goes back in green for a short while. Longs have plenty of time to liquidate their positions before the massacre starts.
Dow Jones -60.4 -0.18% S&P 500 -13.3 -0.33% Naz -69.6 -0.59% Not a penny of ri$$k, longs are safe till Wednesday
Dow Jones +145.2 +0.43% S&P 500 +28.4 +0.72% Naz +135.8 +1.16% Not a penny of ri$$k I will take a short position in the last 10 mins today depending on how it goes. 80 delta puts are looking good.