Jun PCE inflation at 0.2% m/m; 3.0% y/y vs 3.8% prior month. The model likes the performance. No change to business cycle outlook. Unchanged forecast into Sep-Nov for stock market. Rates to calm near-term? #inflation
Fed hiked as expected. As anticipated Powell talked tough- more hikes, and long wait for a decline. Stock market did the correct thing of paying little attention. We bulls are moving forward. Economy is well. Inflation wanes. Model is on track. No change to outlook to subscribers.
A celebration today.
The SP500 stock index met the next bull market target.
More fluctuations within a lengthy bull market -to come.
The business cycle model will show the time and degree of importance of fluctuations. Assists short-term to long-term.
Do you have a roadmap to show when your account will fluctuate?
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