CPI Data Reignites Fears of Inflation and Market Risks

Today’s CPI report reignited inflation fears and the economic ramifications. Truth be told, this market has been overbought and technically overextended and accompanied by decelerating momentum and volume. Now we are witnessing early signs of capitulation. This is healthy and creates the ideal environment for a relief rally.

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Investors Fear “FOMO”

While there were no major economic data releases and the majority of earnings were positive, investors appear to be adopting an aversion towards risk…

…Realization that the global rise in Covid19 infections could slow down the rate of economic recovery more than expected was being reflected in…

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