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Afternoon Note

Not A Disaster Session

By Charles Payne, CEO & Principal Analyst
4/10/2023 1:26 PM

It has been choppy odd all session.  All the major indices were tripped up big time out the gate.  All are off the lows of the session, but this is hard work.

The Russell 2000 is actually higher, but so far below its key moving averages, it's hard to glean anything from today' action.

Bond yields are higher, but not demonstrably so, and it still feels like the next big leg is lower.

On the inflation front, NY one year inflation expectations edged a little higher.

On balance, this is a good session, because it's not a disaster session.


 

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