One main reason was that the Dow Futures was -500 points in the morning. Second reason is that overall trend is down. We need to put more weight to the overall trend and conclude that there is a 60% chance the bear will win the fight today.
US inflation looks poised to rise in the future.
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The latest 1-year inflation expectation had spiked to 3.8%.
This spike could be caused by the Iran war and the US consumers were
expecting higher inflatio...
2 hours ago
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