June 9, 2022, 3:12 pm EDT
After two weeks of consolidation, the stock market began to react to the coming Consumer Price Index data to be released tomorrow. Its response points to the downside as of now.
The scary part is that if the numbers are bad again, meaning inflation is still high, the stock market may resume its downward movement. It means making a new low and developing another major downtrend. It could drag S&P 500 and Dow Jones into full bear markets.
It seems like balance reduction, higher rates, inflation threat, and coming weak job markets are going to work together for a much tougher time ahead. Be alert.