Daily Archives: May 5, 2023

24Feb10:44 amEST

Inflation and PE Ratios High While the Market's IQ is of a Mothball

A brief survey of the action this morning in the wake of the hot PCE print has bulls thinking it is yet another in a long line of, "What, me worry?!" dips to be bought. Indeed, if the 0DTE call options buyers step in with force and rip us back towards 4000 on the S&P 5000 Index (updated daily chart, below) by day's end it would not surprise too...

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