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Starting to feel ST bottoming here, However we still need a bit more


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#1 slupert

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Posted 10 January 2022 - 10:48 AM

of a washout. $VIX 25-26, I'll be stalking longs.(JMHO)



#2 redfoliage2

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Posted 10 January 2022 - 11:06 AM

Was the selling done yet?   I see traders are expecting a bad CPI on Wed............................


Edited by redfoliage2, 10 January 2022 - 11:09 AM.


#3 brucekeller

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Posted 11 January 2022 - 12:26 AM

Was the selling done yet?   I see traders are expecting a bad CPI on Wed............................

 

Other indicators like used car prices and PMI are showing reduced inflation. Wonder if CPI might follow?  We still have some food inflation from Chinese stockpiling though, but I wonder how much longer that will last? Actually, a good amount of inflation has been from stockpiling imo; but that can't last forever, and then if some of that inventory floods back into the market, bam, extra deflationary pressures minus the previous inflationary ones.