Hey folks – quick Friday market check for us novice swing traders.
Good news: we’re seeing a clear “risk-on” rebound. Tech (XLK) and Energy (XLE) are leading, with chip stocks and AI names bouncing back hard. Defensive sectors like Health Care are taking a breather. Feels like everyone’s hopping back into growth trades.
But here’s the real talk – Wednesday brings the US CPI inflation data. That’s a big binary event. If inflation comes in hotter than expected, this whole rally could reverse just as fast as it started.
So yeah, enjoy the bounce 😁.
Interesting how the market is going to react this week.
I love to hear what the community thinks.
