Nervous Jitters Ahead of CPI

February 10, 2023
Author: Peter Stolcers, Founder of OneOption

Sellers won this battle, but the bid is stubborn.

PRE-OPEN MARKET COMMENTS FRIDAY – The news has been heavy the last week and buyers and sellers are battling it out. The Fed has been hawkish and earnings have been underwhelming. In spite of that, the market has been able to hold the bid. Yesterday the market showed signs of strain. The gap up reversed and the selling momentum gained traction. The S&P 500 closed on its low of the day and it is down 30 points this morning.

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