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Jan CPI rose 6.4% vs. 6.2% estimates
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CPI Report and More

S&P 500 Daily Chart 12:55pm 1/12/23
S&P 500 Daily Chart 12:55pm 1/12/23
The CPI Report was released today at 8:30am!
Resluts: Year Over Year Headline Inflation 6.5%
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 the FIFTH 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
AFRM 12:39pm 1/12/23 4hr Chart
I think the Fun is about over. Most Likely starting Tomorrow into Monday.
It will LARGELY DEPEND on the earnings reports of the big banks tomorrow.
$Affirm Holdings (AFRM.US)$ $Upstart (UPST.US)$ $SoFi Technologies (SOFI.US)$ and MANY MORE all deal in the FINTECH that deal with similar headwinds and results that the Big Banks like $JPMorgan (JPM.US)$ $Citigroup (C.US)$ $Morgan Stanley (MS.US)$ deal with and recieve. I would ASSUME that if they do well tomorrow it will push these FinTech Companies up past their current resistances. If not then they will most likely PLUMIT tomorrow.
MORE TO CONSIDER.....
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
$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 the US Treasury Bills/Notes because they usually hold an INVERTED RELATIONSHIP to EQUITIES and show wether or not people are "running" to treasuries as a safehold for the capital.
MarketWatch
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--
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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