According to my risk summation system, the days with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Monday June 17th and Friday June 21st with Friday having the stronger of the two signals.
Last week the Wednesday centered risk window caught the "fun" Fed spike. More on that below.
Speaking of spiked and the Fed, someone must have spiked Chair Powell's Kool-Aid before his presser. He pretty clearly said that at least some of the BLS data is baloney and that 2.7% is a good inflation number. It sure seemed like he was either high and happy on something or trying to set the stage for declaring victory in a subsequent meeting above 2% because not even the Fed believes the BLS. I got bad news for Jerome, salaries and savings are cut in half in 26 years at 2.7%, easily within one's working career, so, no, 2.7% is not good enough. But, yes, no one that has been doing the shopping for the last three years believes the BLS numbers.
Regards,
Douglas