Time to stay patient: inflation, oil, and geopolitical unpredictability
April 14, 2024 - Update
Very quick update this week.The Market:
Negative 3rd consecutive week for the Nasdaq. Nothing major, yet.
The 10-year treasury yield was up +2.73% while Oil was flat for the week.
After a “hotter” than expected inflation number for March 2024, all eyes are on this number.
The current geopolitical tensions can add lots of volatility to the mix.
My personal score system for the Nasdaq is deteriorating (based on the daily chart):
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