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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99
The Ox
To: The Ox who wrote (77488)3/15/2023 12:57:16 PM
From: Lee Lichterman III2 Recommendations  Read Replies (1) of 98469
 
It isn't goods inflation anymore. It's services inflation that is sticking. Yesterday's CPI showed service inflation up at 7% and still climbing.
All these people saying Powell is going to pivot will be wrong until that breaks and starts heading down.

Churning, frustrating market. Fairly predictable channels but when they fail, they fail quick. Really jumpy. I read liquidity is low, very low. Broker money market funds are lowest ever a SOFR market actually was halted briefly due to liquidity concerns.
As usual, tech stocks are in denial. Everything is falling apart while they are down about half of everything else. Small and Midcaps down 3%+, RSP down over 2% but NDX only down a little over 1%. How long can MSFT, GOOGL, AMZN, AAPL, and NVDA prop everything up?
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