Jim Cramer VS Technical Analysis I made a point in yesterday’s note that I think is extremely important. The Fed was wrong about inflation being transitory, and they are currently wrong about policy being restrictive. Both mistakes led to policy being overly accommodative. So while some of yesterday’s rally was due to a relatively cool PPI, I also think investors are brushing off sticky inflation based on an expectation that the Fed is going to ease anyway. Reading that the Magnificent 7 accounted for 95% of the S&P 500 gain. Don’t think this is bullish as those names are used as a flight to safety.
Financial News vs. Noise
Financial News vs. Noise
Financial News vs. Noise
Jim Cramer VS Technical Analysis I made a point in yesterday’s note that I think is extremely important. The Fed was wrong about inflation being transitory, and they are currently wrong about policy being restrictive. Both mistakes led to policy being overly accommodative. So while some of yesterday’s rally was due to a relatively cool PPI, I also think investors are brushing off sticky inflation based on an expectation that the Fed is going to ease anyway. Reading that the Magnificent 7 accounted for 95% of the S&P 500 gain. Don’t think this is bullish as those names are used as a flight to safety.