S&P 500 pulled back even less than it did Friday, and consumer inflation expectations didn‘t stand in the cust cutting bets way or the tech rally. The retreat in communications merely highlights the lively rotations powering different sectors at different times, and the best stock market sign was provided by the bond market – there, we have the HYG upswing counterweighted by the USD one (this can‘t be blamed on French elections) as the following Treasuries chart talks – enjoy the stock picks for today (these are usually featured in the premium section).

All in all, yesterday was another good day from intraday perspective (leaner than Friday‘s calls), and I‘m looking for caution and intraday volatility to rule in stocks the way they did in silver yesterday, till CPI.

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