Market Report for Sep 14 2022
After CPI the Dow falls 1200 points to its worst day since June 2020. The rising Treasury yields also piled on pressure for stocks as the mega-caps directed the downside.
The path the Fed will take probably won’t change based on what stocks have been doing but the CPI data has the market worried about how the Fed will handle it. Add to this the Reuters report of possible US sanctions on China to deter any kind of invasion on Taiwan.
As discussed previously, September is a month we mainly watch. Our trimmed positions allow our portfolio to deal with the volatility but if we fall into further bear territory, some of those trimmed positions will need to be hedged or axed to accommodate.
Let’s go trade!