US equities are choppy, if leaning on the weaker side. S/t momentum is prone to turning negative, which should ensure net daily declines of some degree.
sp’60min
VIX’60min
Summary
Regardless of today… its clearly all about the CPI… due tomorrow.
If Mr Market is spooked, and starts to wonder if rates will be increased next week, the bears have a chance at 4335 before the weekend.
Again.. that doesn’t merit any hysteria, but it would make for a reasonable exit.
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notable stock: AAPL
There will be threat of an initial spike with the event.
Still prone to settling net lower with the main market.
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notable strength: INTC
To sell its 10% stake in IMS nanofabrication to Taiwan Semicon, for around $430M. Cyclically… very high.
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notable health: MRNA
Struggling… despite the mainstream push to get everyone shot’6.
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notable fin: TFC
Background chatter on Truist… which might be the next fin to implode.
time for lunch…