To gain an edge, this is what you need to know now.
Do Not Be Enticed
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows when Target (TGT) earnings were reported.
- Before the big drop in the stock market, our very very short term indicator was negative and we wrote in the Morning Capsule,
Now there is no more putting lipstick on this pig – the consumer is resisting higher prices.
- Do not get enticed by Wall Street’s new narrative to distract you from the consequences of the Fed’s wrong-headed monetary policy and the government’s wrong-headed fiscal policy.