Game Plan Ahead

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S&P 500 did fine on Friday as well, and the long streak of weeks in red, is over (for now). The rally would continue for quite a while longer – after all, we indeed got the sign inflation made its peak with the May data. Also right on schedule, the top in yields came – coupled with some retail earnings, personal income and PCE data, the stock market rally could proceed. And it has further to go, quite further to go – before peaking and rolling over to fresh lows. Yes, I don‘t think we‘re looking at a fresh uptrend, there is still much stress (to be reflected in stock prices) in the consumer ar…

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