Roses are red, violets are blue, will CPI turn into the stock market’s Waterloo? We’ll know soon enough.
Playing a sizable role in new year gains has been tech, though last week wasn’t great. Filings from hedge fund and other big money manager’s 13-F filings showed Soros Fund Management buying beaten-down shares of Tesla TSLA , while manager Seth Klarman increased stakes in Amazon AMZN , Alphabet GOOGL and Meta META .That is backward looking, but one wonders if they have kept that momentum up.
Still, Kolanovic might have a lot riding on this bet, as others on Wall Street chime in. Chris Montagu and the team at Citigroup, for example, told clients they see fading bullish momentum for stocks, apart from European banks. The markets Stock futures ES00 YM00 NQ00 are understandably fence-sitting ahead of CPI data, as bond yields TMUBMUSD02Y TMUBMUSD10Y ease, and the dollar DXY falls, along with oil prices CL.1 .
An attempt at a Tesla beat down no doubt they’re short but long on Tesla (If they have half a brain)…CBS Satanic globalist no doubt.
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