E-Wave for the S&P 500 Index

[gdl]

Not in a BULL MARKET? Perhaps not. In a spike hyperbolic move and only question is how high and how long. Extreme greed, analysist are falling over themselves patting themselves on the back. This on the day we indicted a president for federal crimes. Pet Rock, Bitcoin out of favor and might actually crash from here. AI is the new pet rock.

Imagine wall street not a few months ago begged the FED to LOWER RATES and for good reason. World bets on disinflation and so far they lost trillions. FED has to LOWER RATES in 2023 or another bigger external debacle will occur. The CPI news was in the right direction. Now they are hoping for a faster drop and 99% think it is a done deal. Me, I have never seen a spike inflation with extremely tight labor suddenly drop hard and stay fully employed. heck there is a first for everything. I expect surprise numbers contradicting the assumed disinflation path. Watch wage component spike up. that spells doom for any hope of disinflation to kick back in.