Market Makes New All-time High

During overnight trading, the market has broken through the previous high.

PRE-OPEN MARKET COMMENTS TUESDAY - Last week the SPY deflected two "hot" inflation readings (CPI and PPI) and a very weak Retail Sales number (-.9%). The combination reveals the battle ahead. One of the Fed's primary concerns is inflation and they will keep rates elevated. At a time when consumers are cutting back, we would normally expect a rate cut.

Daily Bulletin Continues...