Indices are trading in an upper area.
Spoo…4510-4542.I would not fade an upper breakout.
China names extended with CQQQ approaching resistance.
Risk spreads are sideways.
For those that bought Friday puts for a mid-week shuffle back and fill, it’s not happening.
I would not waste any mental capital on this line of thinking.
Articles are being written about stagflation worries. Roubini is the latest in today’s Project Syndicate.
These authors are predicting a slowdown in corporate earnings with rising inflation.
Let the charts tell you if and when.