CPI Whisper Number Has A 6% Handle Despite 7.3% Estimate
Market volatility ahead this morning.
Friend of Fringe Finance and well known financial news contributor - as well as 38 year veteran of markets - Kenny Polcari has been kind enough to share his most recent thoughts on the market with our readers.
For those who aren’t familiar with Kenny or don’t recognize him from TV, he is Managing Partner of Kace Capital Advisors and Chief Market Strategist at SlateStone Wealth. He started his career on the floor of the New York Stock Exchange (NYSE) as an institutional broker back in the early eighties when the march of electronic trading was already taking its first steps, and the great bull was first learning to run.
Here’s his take on markets heading into the Tuesday, December 13, 2022, trading day:
The post has been lightly edited for punctuation and grammar.
Algos Jump The Gun; 6% Handle On Deck For CPI?
Sam Bankman-Fried – the American entrepreneur and investor (a Wikipedia description that defies logic) has finally been arrested and he is expected to be sent to the US to face the music today.