US equities are choppy, if mostly leaning upward. USD is +0.1% at 103.72. US 10yr 3.78%
sp’60min
VIX’60min
Summary
As the lightning bolts are near… I’m mostly content to wait.
I might short this afternoon… but its clearly risky ahead of CPI.
–
notable Dow component: INTC
The only news I see was that the German regime has refused to offer Intel any more subsidies… aka bribes, to build a new factory there.
–
notable retail: AMZN
BofA ‘buy’, 139>154.
Meanwhile, UK Amazon workers are set for a three day strike.
—
notable stock: MSFT
Some of the big techs are distinctly tired.
S/t structure IS a baby bear flag.
—
notable health: PFE
The FDA are demanding the next shots battle the XBB variants.
The fact remains… none of those variants are a ‘deadly’ problem, unless you’re already sick, and >103yrs of age.
Its time for the lunchtime show, but I can think of better things to do… like cleaning the floor.