Latest reports are showing that Fed’s tightening policy is working as (1) jobless claims came in higher than expected, indicating that job market is cooling, (2) PPI data came in lower than expected (actual 2.7% vs 3% est) aka inflation is falling
All said, inflation will become very sticky at one point.
Next up: big banks earnings
$Citigroup(C.US)$ $Wells Fargo & Co(WFC.US)$ $JPMorgan(JPM.US)$ $Jpmorgan Chase & Co.(AMJ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $S&P 500 Index(.SPX.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ $Morgan Stanley(MS.US)$ $Alphabet-A(GOOGL.US)$ $Amazon(AMZN.US)$ $Sea(SE.US)$ $Netflix(NFLX.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$ $Spdr S&P Bank Etf(KBE.US)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $Snap Inc(SNAP.US)$ $Coca-Cola(KO.US)$ $Workday(WDAY.US)$ $AMC Entertainment(AMC.US)$