Year Over Year Core Inflation 5.7% (with Energy and food taken out of the equation)
Month Over month Headlind Inflation is DOWN -0.1%
Month Over Month Core Inflation is UP +0.3% (meaning things like rent, clothes, Restaurants etc...
The major Indicies are on course to mark theFIFTH POSITIVE DAY in a ROW
I posted on Monday that i thought$Affirm Holdings (AFRM.US)$would be a good Call Option (or swing) for the week...
I personally played this stock options this week and had a good turn out. I'm talking percents because a month and a half ago i DESTROYED MY ENTRIRE ACCOUNT So im taking my time and trying to instill a MUCH MORE STRICT strategy...anyways enough about me......
AFRM 12:39pm 1/12/23 4hr Chart
I think theFunis about over. Most Likely starting Tomorrow into Monday.
It willLARGELY DEPEND on the earnings reports of the big banks tomorrow.
The$CBOE Volatility S&P 500 Index (.VIX.US)$is down CONSIDERABLY today which is a sign that more people (by Ratio) are by Call Options on the S&P 500 compared to Put Options on the S&P.
Most of these are most likely very short term Options (even 1 day expirations) but it still implies the feeling of most investors on where they thinkthe market may go in the future.....
$VIX S&P 500 Fear Index
THEY apparently think it is going to go UP ^
this is always good to watch and although I DONT usually play Indecies this is a good one to buy/sell options on. Its Usually very predictable.
I also personally watch theUS Treasury Bills/Notesbecause they usually hold anINVERTED RELATIONSHIPtoEQUITIESand show wether or not people are "running" to treasuries as a safehold for the capital.
MarketWatch
This implies people are taking money OUT of the us BILLS and NOTES...
so everything seems SO POSITIVE!!!!>>>
that personally make sme weary and I believe that its POSSIBLE we are headed running FULLSPEAD AND HEAD FIRST into the BRICK WALL that is an EARNINGS RECESSION....
I'm not saying for sure thats what this earnings season will show but I am saying I BELIEVE that it is coming....
This is all just my opinion and I hope some of it helps someone out there...
Thank you for your support and Follow Me if you want to read my Future Posts on whats going on in the Market!!!!
--BIZ--
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