Daily Market Analysis
2024-05-14
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:36:58 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - The big news this week will be the inflation readings from PPI and CPI. It will determine the latitude (if any) the Fed has to cut rates. Economic conditions are softening and the market wants... |
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| 09:54:06 Pete |
This move is contrary to what we would expect and bonds are up. That is a head scratcher after the PPI. 1OP is running higher and it should crest. If we struggle to advance, I would be looking for shorts... |
| 10:21:46 Pete |
ECB also spoke and they are seeing less inflation than in the US and they might be ready to cut sooner than we are. |
| 10:22:59 Pete |
At the crux of this is how you measure inflation. The methods are different I'm sure and that makes a big difference. |
| 10:26:16 Pete |
Your loaf of bread might be a bit more expensive, but the monster expenses that bite into household budgets are off the charts. Health insurance, college tuition, state and local taxes have been going up at an accelerated rate for... |
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