The markets are up this morning, although the S&P 500 still remains in the twilight zone between its 50-day and 200-day moving averages. But the index’s lows and highs are getting higher, indicating that we’re moving in a bullish direction.
The Consumer Price Index also moved a little higher, still in line with consensus estimates, and the Producer Price Index is similarly on track. However, the markets should hold up just fine because those consensus numbers are already baked into inflation expectations.
In this video, you’ll discover how interest rates are affecting small caps (and why they’re holding up so well)… why energy prices are soaring… what we can expect to see depending on the retail sales report… and my top ETF, as well as an option play to go with it.
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