E-Wave for the S&P 500 Index

[gdl]

Same OLD! Street not believing the FED. Just talking down the stock market froth it seems? yup that's what they think. Watch the data real carefully. market should hold up till a month of cumulated data piles up showing inflation coming back. if that doesn't happen the only event that will reverse this Bull is an external debacle.

Market put on notice today. Another 4 week should be enough time to determine if inflation is still persistent or not. In that time who knows if the street will make the most positive assumptions on inflation and pull the stocks with it. I do know the FED wouldn't be warning just to stop the market from going up. They are using past experiences and a tight labor market never produced low inflation.

Interesting that the 13th once again was a big turn for the DOW. is it a one day affair?