Trader, Tech-Led Rally Fizzles with Powell and CPI on Deck This Week

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Free TheoNight Report - for Monday, January 9, 2023 by Brandon Chapman - Tech-Led Rally Fizzles with Powell and CPI on Deck This Week


It started out so promising with a large rally in semiconductors. However, the optimism faded as the reality of Fed Chairman Powell's speech on Tuesday and CPI data on Thursday. While the market remains more bullishly biased as volatility-based indicators aren't peaked, it's still a wildcard if the Fed pulls the rug and CPI disappoints. Nonetheless, Fed Funds Futures are pricing in a rate cut in 2023 despite the Fed's Bostic outlining a different plan. (AMD, NVDA, OXY, RIG, XLE, KBH, RL, KHC)...


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