Mid-Week Blahs

In this buzz: Just a recap and some Labor market thoughts and a bit more…

a “Meh” response…
The stock market was decidedly not excited about yesterday’s much anticipated and higher than expected CPI data. What was supposed to be the biggest market event of the week resulted in a muted reaction in the market. Instead of volatility, the market delivered a “Meh” response, barely moving in response to the inflation report.

To be fair, there are quite a few mixed signals in the markets:
– high much should, or will, the Fed hike rates,
– will there be a soft landing, a hard landing or is the economy already back to full steam ahead?

the Labor market…
The labor picture doesn’t help to make things any clearer. The labor market remains tight by any measure. How that factors into the Fed’s calculus is also up for debate.

So, in the meanwhile,…
… while we continue to read the market’s tea leaves, we’ll continue to watch the headlines for any signs of inflation, recession or mysterious balloons.