E-Wave for the S&P 500 Index

[gdl]

The market has developed one note themes these last few years.
1 - Pandemic
2 - Inflation with the eventual realization it was not transitory
3 - Fed Funds Rate hitting critical mass at 4.5%?
4 - Speculative bets using the addicted notion that disinflation was here to stay. Bank Crisis resulted.
5 - Unanimous focus on anything and everything relating to Inflation. The Goldilocks scenario is now predominant theme.
6 - CHINA, not yet on the radar but will soon become the most watched cause for continued inflation.

For now and likely thru April we should stay in a belief that disinflation is about to reemerge. Without it this addicted stock market will go thru withdrawal symptoms. It will not be pretty. But we are getting our supply now to keep the market happy.