Episode 88 - Robert Young 10 May Market & Economy Audio-Your Going to Get a Reprieve from the Sell-Off...But, This Isn't Over!

Friends,On Wednesday, April's Consumer Price Index (CPI) report will be issued and I believe it will be slightly lower than last month. This slightly lower number will be taken as a sign that inflation has reached the summit and is now starting down the mountain. Lower numbers will also be promoted as support for Powel & Co's (Federal Reserve) narrative that inflation in transitory, now waning and only .50 basis point increases are required. This may be all the Market needs to rally and you may see a run up in the S&P 500 to 4150 - 4200 / even 4300! I'm not buying it and believe the Market has another drop in store for us. We'll See.Make it a Great Day.Your Cynical Optimist,Robert