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The Fed Cornered: Weekly Chart Damage & CPI Game Plan
Description
The weekly candle is Bearish. The historic nine-week winning streak has shattered, with the S&P 500 plunging 2.64% and the Nasdaq shedding 5% on the week after a red-hot jobs report ignited rate fears.
🔔 Key Red Folder Events This Week:
- 📊 Wednesday: US CPI (May inflation print)
- 🇨🇦 Wednesday: Bank of Canada Rate Decision
- 🇪🇺 Thursday: European Central Bank Rate Decision
- 📈 Thursday: US PPI (Wholesale inflation)
🚀 The Game Plan:
The dominant market narrative has shifted to 'The Fed Cornered by Sticky Inflation.' Starting Monday, our focus is defensive execution. Watch the critical 7,360 structural support on the S&P 500 and the 4.55% level on the U.S. 10-Year yield. Avoid catching falling knives in rate-sensitive sectors like Real Estate, and stay light ahead of Wednesday's high-stakes CPI release.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.