A little philosophy in the direction of the market? ...
Yesterday I had the CPI results in the US. 4.9% for April. Last month, March 5%. The core CPI, that's excluding the volatile food and energy categories, 5.5%, also down 0.1%.
Today we have the PPI results.
There was a 0.25 basis point increase in interest rates last week.
The unemployment rate also fell to 3.4% from 3.5%.
This is all just a recap of what has been said here in succession since your posts. What about the market? The US indices (I rate the SP500 and NASDAX100) are rising. Since April we see a sideways move with occasional attempt to break resistance. The tech sector is also doing quite well, is that driving up?
On the other hand, we have frequent rumblings of a recession. Crashes in the banking sector. And last but not least, probably the biggest bogeyman, the US debt ceiling.
There's a lot of data out there and I believe a lot of people with an economics background are asking the question, what do we do about it? What's going to happen? ... Nobody has a fortune-telling ball, but we're not getting into a bubble. Is raising the debt ceiling again the cure?
I don't know, I'm not an expert, so I can't tell all the consequences, but I don't think the market should go up to new highs yet. What do you think, let's break it down a bit. :)