PCE Core this Morning Points to No Inflation – FOMC Rate Decision a Given and Irrelevant This Week?  The USD PCE Core released this morning points to no traces of inflation, potentially rendering the FOMC Rate Decision this Wednesday almost a given. With two record closes last week on the S&P 500 Index, the chances (more…)

Strong GDP Numbers to Help the Markets Scale New Highs Today?  We wrote yesterday’s morning “Only some unexpectedly bullish earnings headlines can make this possible”. This morning’s (much) stronger than expected GDP numbers could play that role opening the all time intraday high of 2940.91 for an attack today. If we indeed break the all-time (more…)

Still Trying for New Highs? While the S&P 500 Index has registered a record daily close this week, the intra-day high record is yet to be broken. Only some unexpectedly bullish earnings headlines can make this possible. Based on the post-daily-record action so far, our models are not betting on it but are taking a (more…)

Record Intra-day High to Follow Record Close? As our models have been indicating, the S&P 500 index has made a new record close yesterday, with the help of the heating up of the earnings release. While the intra-day high record is yet to be broken, our models are not necessarily betting on it but are (more…)

Key Earnings to Start Heating Up or Cooling Down the Market Action As key earnings start to trickle down, it is imperative that the last week’s choppiness would give way in one direction or another. The talk about an “end of the current bullish leg” or the “run for a new high” likely to shape (more…)