On this week’s edition of Moxie Indicator Minutes, TG shares how the CPI came in slightly cooler than expected and the market responded strongly. The questions he finds himself asking are “how far will it go?” and “for how long?” He is concerned that, with such a big one-day move, it is actually unsupported near-term. TG then looks at the UVXY and sees that it is holding lows despite the SPY being up, which also has him concerned.
This video was originally broadcast on November 11, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, iOS, Chromecast, Android and more!
New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.