February 14, 2023

Markets:

Stock futures ticked higher Tuesday morning as investors looked ahead to key inflation data that may signal what the Federal Reserve will do at its March meeting.

Investors were largely positioning ahead of the consumer price index reading for January set to be released at 8:30 a.m. ET Tuesday. The CPI is a gauge of inflation that tracks changes in prices across a broad basket of items.

CPI declined 0.1% in December on a monthly basis, its biggest drop since 2020. It was a welcome sign to investors that inflation cooled and ignited hopes that the Federal Reserve would consider pausing its interest rate hikes.

It's all about the CPI and how the market reacts today!

Portfolio:

We enter todays session holding positions in CPRI, TGTX, and TSLL.  Very nice day yesterday for our open positions and today we look to keep the momentum going.  It's all about the CPI and the reaction.  Once we have that data we will proceed and queue continues to ignite.  Absolutely love what this market continues to provide us in 2023.  Be ready today!