Trades

Trade Findings and Adjustments 04-11-2024

Trade Findings and Adjustments 04-11-2024

https://youtu.be/tYLiKL_-4Lw

We are looking for trading opportunities in a very volatile market

What trend do we currently see in our markets? = Bearish with a possible bounce

What is causing our market to go down= inflation = no rate cuts = no coolaid, harder for customers and small business owners to make ends meet

There might be 6 trillion on the sidelines according to CNBC Fast Money Show on 4/10/2024

 

March CPI (briefing.com)

 

March CPI
Updated: 10-Apr-24 09:08 ET

Highlights

  • Total CPI was up 0.4% month-over-month in March (Briefing.com consensus 0.3%) while core CPI, which excludes food and energy, was also up 0.4% (Briefing.com consensus 0.3%).
  • On a year-over-year basis, total CPI increased 3.5%, accelerating from 3.2% in February, and core CPI was up 3.8% for the second consecutive month.
  • The index for shelter (+0.4%) remained a significant contributor to the overall increase while the index for gasoline (+1.7%) was also a notable source of inflation in March.

Key Factors

  • The food index was up 0.1% month-over-month and up 2.2% year-over-year.
  • The energy index was up 1.1% month-over-month and up 2.1% year-over-year.
  • The used cars and trucks index was down 1.1% month-over-month and down 2.2% year-over-year.
  • The apparel index was up 0.7% month-over-month and up 0.4% year-over-year.
  • The all items index less food, shelter, and energy was up 0.5% month-over-month and up 2.4% year-over-year.

Big Picture

  • The key takeaway from the report is that the yr/yr reading of headline CPI accelerated for the second consecutive month, which will boost expectations for ongoing hawkishness from FOMC officials, in turn pressuring expectations for a rate cut in June.
Category MAR FEB JAN DEC NOV
All Items 0.4% 0.4% 0.3% 0.2% 0.2%
Food and Beverages 0.1% 0.0% 0.4% 0.2% 0.2%
Housing 0.4% 0.4% 0.6% 0.3% 0.4%
Equivalent Rent 0.4% 0.4% 0.6% 0.4% 0.5%
Apparel 0.7% 0.6% -0.7% 0.0% -0.6%
Transportation 0.8% 1.4% -0.6% 0.1% -0.2%
Vehicles -0.2% 0.6% -1.4% -0.3% 0.9%
Motor Fuel 1.7% 3.8% -3.3% -0.6% -4.0%
Medical Care 0.5% 0.0% 0.5% 0.4% 0.5%
Educ and Commun 0.0% 0.4% 0.4% 0.1% -0.3%
Special Indices
Core 0.4% 0.4% 0.4% 0.3% 0.3%
Energy 1.1% 2.3% -0.9% -0.2% -1.6%
Services 0.5% 0.5% 0.7% 0.4% 0.5%

 

Commons sense says not a great time for a trade unless it is longer term and energy related

D or EIX Covered Call strategy looks good

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