Market faded after gapping up on a smaller than expected CPI (March) number that was released ahead of the open. $MGK -0.61% rolled over, but small caps $IJS -1.05% took a much larger loss. FOMC minutues revealed banking problems increased economic uncertainty, aligned with views from Jamie Dimon and Warren Buffett with their recent CNBC interview. $KBE $KRE bearish flag setups remains intact.
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13/4/2023 Market Diary
-Market faded after gapped up on smaller than expected March CPI. $MGK -0.61% rolled over, but small caps $IJS -1.05% took a much larger loss.
-FOMC Mins revealed banking problems increased economic uncertainty, aligned with views from Jamie Dimon… pic.twitter.com/lUTXEJ4Zb3
— Jeff Sun, CFTe (@jeffsuntrading) April 13, 2023
