US Bond market did not like this morning CPI print, 10Y is already hovering at 4.5%, the 30Y at 5%.
We should get a social media post from Mr. Trump or Mr. Bessent here soon to calm the markets...
@MarketMike Thank you Mike, I have been a loyal follower for the good part of the past three years, I know your style.
Although I day trade futures I want to start swinging trades as well.
The market is once again driven and therefore concentrated by Semiconductors no secret there.
Below are some concerning charts on quite relevant sectors on the S&P
#XLV#XLF#HYG
#SPX#SPY and #QQQ have pretty large expected moves as per the Options Market, #DIA and #SPY are below the week to date VWAP and #CL braking out on the pre-market with Trump's so called "NACHO" trade.
This is what happens when you gapped up the 50 and the 200 DMAs, FOMO kicks in and we go right back to All Time Highs.
Now all of the hindsight geniuses are coming out of the woodwork saying that they saw this one coming....
#SPY#QQQ