Well today was just like I said in yesterday’s write up, risk off profit taking day. Again the year of confusion, remember that you’re not the only one that doesn’t know what to do with the data coming out. Tomorrow should be a rebound day if the Employment Cost Index QoQ which is the measurement of business price and the government pay for civilian labor. Last quarter in October when it came out we had a +2.38% day let’s see what happens tomorrow. If nobody knows what to do with it except 398 if it’s good then 404. Asking for a friend what stock would you buy if you had 15k to throw at? Since I spend most of my time with SPY I’m kind of out of touch with the stocks in what’s hot right now.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
Comment:
ECI came in lower 2 year yield drops futures up should be a grind today up
