S&P 500 Celebrates Low PPI And CPI Headline – Banking vs. Recession

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S&P 500 celebrated both the low PPI and CPI headline lately, chose not to focus on core data (key metric for the Fed), and reacted with a temporary downswing only when reminded of recession – be it Fed minutes or today‘s retail sales, with consumer confidence to come still. More intraday commentary on Twitter and Telegram follows as always – best combined with individual chart sections below. Q1 2023 hedge fund letters, conferences and more So, make sure you‘re signed up for the free newsletter and that you have my Twitter profile open in a separate tab with notifications on so as to benefit f…

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