The latest inflation results are in, and they’re ice cold:
Thus, all assets are ripping higher:
The next key level on the /ES is the Fibonacci at 4528.71. Incredibly, it would only take a gain of a little over 6% for the S&P to reach new lifetime highs.
I am entering the day exceptionally light (a mere 8 positions, as opposed to 34 back in the glory days). Let’s see how the rest of the day shakes out, although at the moment it looks like yet another major victory for the bulls.
