19/09 Indices, page-4

25% of equities are now above the 50 EMA on SPX. Magic deep figure is around 15-10% - we will probably get it this week. Fed interest rate decision Thursday 4am. BOJ rate decision Wednesday 9am for currency players.
Cut off for earnings approaching fast that will likely obliterate expectations as positioning is very lopsided and expecting armageddon which they are not going to get. The walking text book snot faces that are now money managers reality is going to hit them with a wet blanket when they come to realisation in high inflation environments companies pass on inflation to the consumer.
Meaning - revenue numbers will be off the charts despite margins will remain the same if we see high revenue and margin expansion then thats gauging of the highest order but if consumer demand continues to be strong then why should companies not hike prices.

I'm long AUD and Gold to start the week. GL and Trade Safe.