S&P 500 – Trend Still Up

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Powell delivered, and didn‘t trip the bulls – S&P 500 merely tried to shake out the weak hands, but you were ready through my habitual live coverage on Twitter, as to what to expect. The premarket consolidation is neither unexpected nor concerning – and market breadth data will catch up, even if only after the consumer confidence data Friday. Q4 2022 hedge fund letters, conferences and more Inflationary forces are building up, meaning that inflation would return in 2H 2023, and together with deglobalization and friendshoring, this would underpin commodities. The era of cheap labor, cheap commo…

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