Good Morning and Happy Friday!
Futures are up this morning and have been consolidating sideways to up. The drop from the top was less than 2%. That may be the low for now but a bit lower would be welcome. We are moving into a seasonally bullish period and even with the hot CPI, the sentiment is still relatively bullish. Prices are moving up faster than wages so inflation continues to move higher but there are still very strong deflationary forces that in the end will counter the current inflationary pressures. But it may take much longer than anticipated. Bond rates are starting to move higher but Ten Year Treasuries, would need to move well above 2% to counter the uptrend that the stock market is experiencing. So as I always say, stay long and trim positions that have moved up nicely. Enjoy your weekend!
Founder | SimpleOptionStrategies.com
You can also check out my YouTube Channel at SOS YouTube.
P.S. SOS Trade Alerts are currently closed to new subscribers and will reopen Jan 10th for those on the waitlist. Join the waitlist and receive $20 off of our standard subscription rate. To join, click on this link: SOS Trade Alerts
None of the content published on SimpleOptionStrategies.com or within SimpleOptionStrategies.com’s Telegram Trade Channels constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. SimpleOptionStrategies.com is not responsible for any losses incurred as a result of using any of our trading strategies.