Mar. 20 at 7:13 PM
Inflation isn't done biting — hot PPI just reminded everyone 📉
$SP500.X and
$DJI pared losses and turned green, but don't get comfortable. Wholesale inflation running hot means
$US10Y yields are climbing, keeping pressure on rate-sensitive names. Fed held rates — no surprise — but the "higher for longer" narrative just got fresh ammo.
$XAUUSD catching a bid as stagflation fears creep in.
$COMP:IND holding key support but needs a clean close above recent highs to flip bullish.
Fading bounces until
$US10Y stabilizes. Gold on watchlist 👀
#Inflation #FedWatch #Trading