etchew
05-08

Better to wait out and see how this turns out 

CPI and PPI Both Cool — How Much Further Can U.S. Stocks Run?
S&P 500 +0.65% to a record 7,798.99, through 7,800 intraday; Nasdaq +0.81%, QQQ +1.16%, Dow +0.13%. Soft inflation did it: July CPI 3.4% YoY and 0.1% MoM, PPI at 4.2% against 4.9% expected and 5.5% prior, pushing the odds of an extended Fed pause higher. Burry disclosed a bigger QQQ put position, positioning for "a larger leg down," while desks warned against chasing into the next earnings cycle. Add to tech, rotate into gold and defensives, or wait for earnings?
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