Breaking Down How the Market’s Expectations Are at a Critical Juncture
The market is waiting for the right catalyst to kick off what is normally a very bullish three months of trading.
Unfortunately, this week’s CPI and PPI reports put traders back on the defense as inflation appears to be sticky and reinforces the Fed’s “higher and longer” scenario.
The data was most felt in the Russell 2000 Index of small cap companies as the index slips into a second week of losses while it retests a critical “must win” technical level. This is one of the more critical developments for the market as it implies that investors are backing further away from one of the most important drivers of the market, risk taking.
With that in mind, Chris Johnson addresses the market’s expectations as we head into what is going to be a pivotal two weeks of earnings reports.
Click on the video below to get started…
Have a great weekend,
America’s Pattern Trader
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