From the Desk of Ian Culley
I prefer to focus on price when analyzing markets.
It’s what pays us at the end of the day. And it bakes in all the news and lagging economic data I tend to ignore.
A few weeks ago, I urged investors to track trends, not inflation.
Honestly, I was only half serious. I pay attention to the Fed and CPI data – mainly to stay aware of the increased volatility accompanying important release dates.
But price is king. And when I look at my charts, the narrative of easing inflation appears suspect…