CPI at .4% means there is no chance the FED would consider lowering rates for months to come. The initial market reaction is positive, but I expect a dramatic deterioration this trading day. BIG DAY! We are at a point in time where a minimum drop of 75 SPX points is warranted. Either a wave 4 drop of a 5 wave move or the actual start of a bigger drop. Still see this as wave 4 of 5.
This as TRUMP literally took over the RNC with his daughter in law taking charge. Firing staff and promising the money to pay for Trumps legal problems. The Politburo is complete. Imagine siphoning funds, a lot of funds, just to pay off some of Trump's losses. I LOV IT! Hope the other 5 GOP funds contribute also. Seems they would prefer losing seats as long as the man on top isn't angry.
ONE MAN now runs this country, and he isn't even in office yet!
