Before the Open
Total 54 Posts
We'll continue to keep a very close eye on the chip stocks going forward. However, there is much more to life than the markets. Our prayers are with all of those in Virginia (and Idaho for that matter).
The official Retail Sales data from the government today was good, but it's only holding up because consumers are borrowing more...a lot more. That cannot last.
Extrapolating one CPI and one PPI number into the narrative that inflation is dead is ridiculous. However, we have to trade the market that's in front of us, so we will stay nimble near-term.
Longer-term, the upcoming recession will take the stock market to new lows. Shorter-term, we'll be watching the chip stocks...and the dollar.
The next move of significance in the Nasdaq will be EXTREMELY important...because it is testing a CRITICAL long-term support level.
You've successfully subscribed to The Maley Report
Great! Next, complete checkout for full access to The Maley Report
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.