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CPI Today. Opex Friday. Let The Games Begin.
It’s CPI day today. And it’s Q3 opex day Friday. These are the times when Big Money gets to be Even Bigger Money, because Small Money is intent on giving them More Money.
Big Money knows too that folks are easily spooked and can be thrown off track with the occasional convincing chaff drop. And so it is that otherwise level-headed folk do very strange things around major market events. Actually - around minor market events that the Operators of the Matrix, the Architects - like to hype up so that the civilians believe them to be events of great import.
Right now, CPI is in a downtrend in the US.
It's true that CPI could tick up this quarter, but if it does, that's a shorter-term effect in our house opinion.
The US economy is in great shape. Inflation is lower than most other developed economies - and it's coming down. Unemployment is lower than most other developed economies. But unlike those other economies - China excepted - US base rates are higher than inflation, and that means the Fed likely has to start cutting rates at some point.
So, whatever happens on the CPI print today is likely to be Big Money Malarkey, not a real thing. That kind of vortex can be traded if you have the time - you have to do this real time and be quick about it and not committed to any one direction - or it can be zoomed out of to see where all the pieces land in a day or two.
Oh.
It's Q3 opex Friday. Another crise du jour. We'll talk to you about that one tomorrow.
Now, for our Premium and Pro members only we walk you through our longer- and shorter-term take on the S&P500, the Nasdaq-100, the Dow Jones and the Russell 2000. Plus those soon-to-be-Matrix artefacts, Bitcoin and Ether.