Data coming out this month is much different than January, where we saw a dead cat bounce in inflation due to people taking on debt, 2nd jobs and stay at home Moms entering the workforce to keep pace.
Richmond Fed lowest since 2020 (February Number)
Wholesale Inventories lowest since 2020
Durable Goods orders lowest month over month since 2020
Dallas Fed Manufacturing employment declined first time since 2020 (February Number)
Consumer Confidence dropping like a stone (February Number)
The deflationary process is starting to take shape here, which is bullish for the market, technicals are taking shape for a nice bounce here especially into next week, IMHO.
Edited by MikeyG, 28 February 2023 - 10:19 AM.