Postcards: How Did This Happen?
They're at it again... buying votes and ignoring the underlying problems. But they're politicians, and they know better, right? Don't get mad... don't try to get even. Just get equal on inflation.
Market Update: It’s a pretty muted day as markets remain on edge ahead of this week’s release of the Consumer Price Index. Not a lot is happening, but it is good to see that volatility is currently dropping. The Russell 2000 is back in positive territory after a slight move above its 20-day moving average. The markets are playing the deviation band game today on extremely low volumes. Relative volume on the S&P 500 SPDR ETF (SPY) was at just 50% at 1:45 pm.
Notably, it has been a positive day for real estate and utilities, both interest-rate-sensitive sectors that could face notable swings based on the CPI and PPI readings this week. We’re still being cautious, especially after last Thursday’s decline.
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.