3/12 Spring Break Notes: Market Goes on Spring Break - Hot Inflation, Labor Cools Further, Gold Bugs Get Bronzed, Bears Waxed
In this mid-week report - we cover the latest market data from the week - including the continued 'up only' regime, labor market, gold, inflation, a grandma's request, and more.
It’s a Spring Break special MacroEdge edition… funny in our MacroEdge group chat when Amy/‘TexasRunnerDFW’ mentioned ‘Spring Break’ I recalled the mayhem underway on Fort Lauderdale Beach and I may need to take the Friday off to do some investigating… take of that whatever you may. I also had an interesting text exchange with my business partner this morning discussing the relentless Nasdaq action and he forwarded a note from his almost 90-year-old grandmother asking for advice on AI stocks… (it still didn’t seem to dampen the rest of the price action for the day). Sign of the times in the casino market mania, nonetheless and funny to see firsthand - especially given the massive misunderstanding on AI and what AI products are even being employed/deployed by companies today.
On this gorgeous day (I am getting over something I picked up in Vegas) I wanted to get with John and discuss the latest data and market moves occurring. John will discuss the gold front and I wanted to talk about labor + a few other important items.
The market itself continues its relentless ‘up only’ programming - even in the face of the worst job cuts data since 2009 as we have yet to see claims move in the direction necessary to worry to the Wall Streeters…
