Market Watch: Fed Meeting and Inflation Data Highlight Turbulent Week Ahead.
The stock market is holding up well, supported by FOMO and short squeezes, with big-cap strength in Oracle, Adobe, Salesforce, and Advanced Micro Devices. The market seems to have lost interest in the inflation issue and is not embracing the idea of a slowing economy. The biggest danger in this market right now is that the desire to buy may cause some mediocre entries. Two charts that are being watched are LianBio and Nano-X Imaging, but there isn't much to like on a technical basis right now.
