Summary latest inflation numbers for March 2024 and things are heating up a bit, obviously. We’ve got a 0.4% increase from last month and a yearly jump of 3.5%. Even the core stuff, which leaves out food and energy, bumped up by the same amount. So yeah, prices are definitely on the rise.
Now, when prices go up like this, it usually means the Fed might hike up interest rates to keep things cool. This isn't great for stocks because higher rates make loans more expensive and can cut down on spending and profits. That hits high-growth companies pretty hard and can make investors nervous, especially in sectors where people are already tightening their belts.
Looking at the SPY charts, it’s showing a downward trend and there’s this Low Volume Node area that’s not seeing much action. Putting all this together, I’m thinking we might see the SPY dip down to around 505 soon.
For anyone invested in the market, it might be a good time to think about shuffling things around in your portfolio. Maybe lean a bit more into areas like commodities or energy which usually hold up better when prices are going up.
We’re seeing some signs that point to a rougher ride for stocks, especially with the inflation situation and the Fed holding or even possibly cranking up rates. keep an eye on that 505 low volume node, level for some clues on what might come next.
Now, when prices go up like this, it usually means the Fed might hike up interest rates to keep things cool. This isn't great for stocks because higher rates make loans more expensive and can cut down on spending and profits. That hits high-growth companies pretty hard and can make investors nervous, especially in sectors where people are already tightening their belts.
Looking at the SPY charts, it’s showing a downward trend and there’s this Low Volume Node area that’s not seeing much action. Putting all this together, I’m thinking we might see the SPY dip down to around 505 soon.
For anyone invested in the market, it might be a good time to think about shuffling things around in your portfolio. Maybe lean a bit more into areas like commodities or energy which usually hold up better when prices are going up.
We’re seeing some signs that point to a rougher ride for stocks, especially with the inflation situation and the Fed holding or even possibly cranking up rates. keep an eye on that 505 low volume node, level for some clues on what might come next.
Trade closed: target reached:
Closed out spy calls, Retail sales good, A few good earnings, but market just wasnt taking it. Took puts down to 505.50 low volume node.