It was a gap up and chop type of market today as we wait for CPI at 7:30 am CST tomorrow morning. The market is in stealth bull market mode trying to push its agenda and trade for a Fed pivot in hopes that inflation will drop.
The Fed continues to talk tough but had a weak start to the $95 billion per month balance sheet reduction that is starting this month. Last week's total was only a 3.6 billion dollar drop. The bulls are running with this.
The strategies did a good job not losing much in this type of market. The 200K Portfolio was down -$775 on the day while the 50K Portfolio was down -$200 on the day.
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