Right now I can see on single piece stand in the middle of nowhere.
If the enemy makes one more move, sadly, it will be checkmate.
But...
What is this time that move comes flat?
Does it mean the game will be won, save, or just extended to end the same way everyone thinks it will?
I am talking about CPI and the potential for the US Stock market to trade back at 3.325 where I see the Grande Buffalo stepping and loading like there is NO tomorrow.
And...
In the worst case, as low as 3.000 points in the SP500 as Michael Harnett at BofA dictates will be his level for all of us including the communist to sell their not-that-valuable land and pack tons of commons shares in the most valuable businesses in the world.
Of course, those businesses are in the United States of America.
The CPI consensus is expected at 8.1% and one can tell the Federal Reserves works in mysterious ways, but also keep in mind those policies take up to 6 months to hit the economy.
So, what am I trying to say here today?
If the next reading comes at 8.1% the market will explode to the upside because market participants are going to anticipate a less aggressive FED.
On the other hand, Jay Powell does not have to pivot, only slow down and without firing any bullet the US stock market can adjust and balance back to the upside.
We are nine days away from this event.
If you ever wonder why an Outsider like me believes so much in America, then you want to watch my latest webinar with Steve Place What, How, and Why MSA is created think about it for a minute.
Yes, I have a new video for you. I go over Bitcoin and where I see it by the end of the week.
And I have another idea for you to evaluate.
Let's not give up and let's be ready for many opportunities to the upside.
If you think about it: everyone is bearish so the next big leg to the downside (if it happens) does not have to take place immediately.
One thing: make sure Jim Cramer does not Tweet about it.
Until my next article, Never Forget; Someone Always Knows.
