"When markets can absorb bad news and bounce back the same day, you're looking at underlying strength that wants to push higher." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Publisher's Note: Free 2026 Forecast Event Happening TODAY! Join Bryan and Karim for their popular "2026 Outlook" livestream - where they will detail and outline for you the top trends they're seeing for 2026 - and how to trade them. This free event serves as a strong guideline for the entire year, so be sure to join us! Special 2026 Outlook with Bryan Bottarelli and Karim Rahemtulla It starts today at 2 p.m. ET. Save Your Spot Here. - Stephen Prior, Publisher Yesterday's CPI number gave us the gap down I was expecting - markets dropped about 1.5% when the 2.7% number hit at 8:30 a.m. I backed off some positions heading into the announcement because I thought it could be a hidden landmine. Turns out the market just did what it always does - overreacted to the headline, then figured out it wasn't actually that bad. We're through it now. No big deal. And it sets us up perfectly for what I've been seeing on the technical side. What the CPI Really Told Us While everyone was reacting to the headline number, the details were actually pretty encouraging. Inflation's clearly easing - even the economists are saying it's peaked. The tariff impacts everyone was everyone worried about? Oxford Economics – a leading research and consultancy firm - says they're mostly already baked in. This removes the biggest uncertainty that was hanging over growth stocks. When rate fears fade, tech runs. And yesterday's data basically said, "Inflation's under control. Carry on." And so we will... What I'm Seeing on QQQ |
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