More than simple squeeze
|S&P 500 made a great move on CPI with regard to the 6,425 area – a move that all clients benefited mightily on (in stocks and EURUSD – let alone being ready for precious metals moves). I wasn‘t spooked by the Nasdaq undershoot following the data release bump, I was more impressed with Russell 2000 not showing any weakness – and just like that, one by one the main indices started going for the CPI aftermath highs, and overcoming these levels as I discuss at sufficient length in today‘s video. Would you wonder when FOMO develops? Pay attention to Bessent‘s words too.
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