Pretty Quiet Week Ahead
June 20, 2023 Good morning, Profit-taking seems to be in the air at the start of this holiday-shortened week – Futures have been down as much as -.50% over the past few hours on no news whatsoever. It is a much quieter week ahead compared to last week’s event-filled minefield. There are no key economic […]
Disinflation Supports Uptrends
June 16, 2023 Good morning, This week has been all about inflation and the Fed. Let’s unpack inflation a little: headline CPI (Consumer Price Index) inflation fell to 4.0% y/y, the lowest rate since March 2021. Core inflation (excludes food and energy, Fed’s key data point) was stickier and came down to 5.3% y/y, but […]