Posted 6/7/2023 10:38 (#10260411 - in reply to #10260239) Subject: RE: Market mentality (managed money) drives direction...
C IL
In addition to negative fundamentals, technicals, and money flow, (I Think zen farm put us onto) MacroAlf, who comes out a few days back and points out that several months after leading indicators for durable goods indicate massive economic slowdown, consistent with the increase in interest rates, now wage disinflation is here and looking like we will hit 2% yoy by 2024. Economic growth looks pretty stagnant.