Today we are breaking out of range to the next level. SPX around 4370. This as labor market continues to build on new jobs and 10 million want ads. The short term bond yields continue to spike ever higher and the FED has promised to pause next meeting. What a setup for the close out of summer.
Been wrong on MAGA ability to train wreck the debt so maybe such a long tight labor market is not going to cause inflation to rise? CPI report should give us a good clue soon.
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