On this week’s edition of Moxie Indicator Minutes, TG explains that the markets have remained weak since the CPI report, despite the Put/Call ratio being high. It looks like traders are correct with their positioning. Some of the news is coming from ADBE earnings, then FDX earnings today. Slower shipping numbers tends to imply a slowing economy, which is what everyone is expecting as recession data continues to roll in.
This video was originally broadcast on September 16, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!