James "Rev Shark" DePorre
Recent Articles By The Author
Traders are looking for counter-trend bounces, but this market is not offering many opportunities.
In this sort of environment, it is extremely important to be clear about your strategy.
Odds that the Fed will hike rates 1% at its next meeting went from 2% on Tuesday to 75% Wednesday afternoon.
A more hawkish central bank could make for a rougher recession as costs increase and real wages don't; also, I've got two stocks on my screen.
Traders are anxious to catch a counter-trend move when we have a news catalyst like this.
We're hearing chatter that the CPI could hit the 10% levels, although I believe that is highly unlikely.
There's no question we'll have a volatile market again on Wednesday when the CPI report is published.
The market faces a dilemma when it comes to the imminent inflation data on both sides of the recession coin.