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On the SPOT™ blog (02/23/2023) [P..]

At the time of writing this blog (morning PST), markets seem to be moving downward and all three major US indices seem to be in the red. The economic data from this morning is perhaps prompting investors to continue worrying about restrictive monetary policies from the Feds. The data suggested that revised Q4 GDP was lower than previously estimated perhaps because consumer spending was lower than expected. In addition to that, last week's unemployment claims seem to have fallen more than expected. There doesn't seem to be any catalyst yet to change the "profit taking" tendency (chip stocks are perhaps an exception following NVIDIA results). Remains to be seen how markets finish today.

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