Yesterday’s optimism has certainly faded. The market seems to indicate that the problems in the gold market are not resolved and when inflation will peak is certainly an open question. Adding to the rest of the uncertainty surrounding geopolitics, the market is selling off. All left an unusual candlestick pattern on the chart. A reversal from jumps to new lows that continued but also reversed. Nasdaq Daily The Nasdaq is now slightly lower than before the CPI, while the SandP 500 is higher. Next week’s data will focus primarily on housing, and it’s hard to imagine any change in the Fed’s rhetoric at this point. So we have to wait and see what the returns are. Monday morning starts at Bank of America. JPM stock is up 2.1% today on a brutal streak.