From the Desk of Ian Culley @IanCulley
Despite another CPI report and the latest job numbers reflecting easing inflationary pressure, markets are a mess!
Indecision and uncertainty are running high. Investors simply aren’t able to get a read on the economy and the Fed’s next step.
I don’t blame them.
If you’re focusing on the Fed comments du jour or lagging economic data that will likely be revised in the future, confusion and pain are the higher probability outcomes.
That’s why we study price.
Let’s check in on the charts to clear things up…