The inflation numbers continue to appear strong. Shouldn’t that have pushed the markets down? That would be the initial thought process but the Dow showing strength. However, the S&P 500 is flat and the NASDAQ is trading slightly lower. The lack of any severe selling at least provides the alert that other influences might be coming into play. What are those influences? Don’t know, but now aware that there might be other considerations. Stay predominately short but vigilant.
October 12th Daily Market Comments
The inflation numbers continue to appear strong. Shouldn’t that have pushed the markets down? That would be the initial thought process but the Dow showing strength. However, the S&P 500 is flat and the NASDAQ is trading slightly lower. The lack of any severe selling at least provides the alert that other influences might be coming into play. What are those influences? Don’t know, but now aware that there might be other considerations. Stay predominately short but vigilant.