Alternative Path

[gdl]

Seemed to rush to conclusions again. Higher CPI and PPI is ignored. The one that should wake all up is the PPI and that just spiked .6% in February. Looks like we wait for another big number next month. Like a Pandemic that no one thought was a big deal till it killed in the States. If the inflation data is just a normal one off move higher, we really hard and for a long time to come.

Today should bring down the market but by how much? Perhaps a normal correction here? It is overdue. This might be a spike move till July. The P/E ratio is approaching rarefied heights.