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Is this the share market bottom or just another trap before sinking lower again?!
In a turn of events from the previous US CPI release, markets decided it was time to rally on the back of stronger than expected inflationary data.
If I remember correctly, share markets sank like a stone when the previous CPI release came out stronger than expected, but this time bulls had more ammunition and ramped prices higher.
In the video I discuss my opinions on the recent action and why I feel we are seeing another bounce before another push lower. I will also look at the technical price action of the major Indexes and show what I will be looking for before getting excited for a potential bull run.
For me…it remains a time to be cautious until inflation is under control and, from what the CPI numbers are telling us, inflation remains elevated so we can expect the US Fed to remain aggressive!!
Check out the Video below and see what YOU think.
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