The Stock Market: Macro, Fundamentals and Technicals

Where are we heading to?

As promised in my last update, here is my take on the markets.

Let’s start with the Macro.

1. Inflation

A key driver for the market in 2022 has been the fear of “out of control” inflation, causing the FED to intervene through monetary contraction and raising rates, the worst environment for stocks.

The last CPI reading came at 7.7% YoY inflation, whereas every…