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Why the S&P 500 Faded the CPI Rally: The 'Tech Island' Trap

Why the S&P 500 Faded the CPI Rally: The 'Tech Island' Trap

Season 3 Episode 26 Published 3Β months, 4Β weeks ago
Description

Wednesday's session closed mostly red despite a benign CPI print. Here is why the market reversed. πŸ“Š THE SCOREBOARD: πŸš€ Winners: Tech (Oracle and Nvidia) πŸ“‰ Losers: Financials and Small Caps. πŸ”” THE LOOK AHEAD: Tomorrow's PPI data is the #1 thing to watch. If the 6,800 Gamma Wall fails, expect a fast move to the 6,742 level.

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