Small Cap Daily

Well, bonds were down earlier today and actually went up with the auction. $25B worth of 30yr and they bought into it, wow. So that means yields go back down, bond traders are buying into the projected rate cuts. (Keep in mind it's 30 yr though)

One of my followers mentioned small caps earlier this week, forming a pennant on the daily, and I think it breaks out if inflation numbers are good next week. Target in green. Buy garbage stocks, lol.

Remember, CPI on Tues and PPI on Fri. I don't think CPI will be that great, but PPI will be.

Comment:

CPI numbers killed the breakout. Not sure what happens next.

I think the market starts cycling again which will make small caps hard to predict