“Cause…baby we were born to run!” Bruce Springsteen.

A classic song title that masks a bit of deception. 

“Born to Run” sounds liberating. Market bulls sing the same song.

Yet the lyrics go on to say, “In the day we sweat it out on the streets of a runaway American dream.”

Runaway American dream. Now, there’s something we all think about a lot these days.

Today, all eyes were on the inflation or CPI report. The interpretation of 2.1% inflation is enough to make the Federal Reserve happier about reducing the balance sheet.

The dollar sank, and gold rallied.

Everything is doing exactly what we positioned for.

Nasdaq, after writing this last night- “Nasdaq 100 came closest (to the 50 DMA). Percentage-wise, QQQ s had the biggest gains on the back of Amazon,” went into an unconfirmed bullish phase.

So did Semiconductors, which lagged yesterday.

As did Biotechnology, where speculators already had shown up and proceeded to get all lovey-dovey with the market.

Therefore, should we forget that our new American dream includes no concern for a rising debt? Or by the increased spending on everything except a safety net for those who need it?

Are profits for corporations and the 1% that own 84% of the stocks enough to keep the market from “sweating it out on the streets?”

My intention is to avoid political commentary. Rather, these are facts put forth by the current administration.

As a logical trader, facts are factored in. However, logic eludes many investors. FOMO or fear of missing out reigns supreme.

The main question I want you to consider is that since 3 of the 6 Modern Family members are still in warning phases, along with the S&P 500, does this market have enough steam to continue going vertical?

Walk with me out on the wire.

You didn’t buy the dip. You didn’t get long yesterday. You finally bought today. Yes, you are out on the wire.