https://www.cnbc.com/2024/03/14/pro...nflation-rose-0point6percent-in-february.html
Wholesale inflation rose 0.6% in February, much more than expected
Market has rallied based on idea of interest rate cuts? Interest rate cuts in this environment are always very bearish and precede major crashes, however, what happens if the next move in interest rates is a hike? This is a no-win scenario for bulls, major crash incoming either way over 2024 - 2025 that will wipe out many in the market. Good luck but seen it all before and it always ends the same way.
P.S. Smart money sucking in as many retailers (dumb money) as they can because the music is about to stop.
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https://www.cnbc.com/2024/03/14/producer-price-index-february-202...
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