Kind of a bounce type, waiting kind of day, I don’t have much to say. The FED remains in control of everything that is happening, at this point no indication that they will show the patience to allow the big rate hikes to do their job. A number of tech type companies providing earnings this week.
In an overall sense our Macro Economic indicator confirms that it is in the process of testing the November 4,2022 low and is so far holding.
Might be a good day to go back and look at my comments in this blog back on September 7, 2021 the date, in retrospect, when history shows the top in the macro economy was being formulated. I was early, as it took some 3 months before the bloodbath got under way.