Buy the dip crew stepping in and holding 4430 today in $SPX!

Subscribers up nearly 50 points in longs in under a day.

Topping off an overall fantastic week today.

Posting FULL update into the weekend on our private feed.

Subscribe to gain access now:https://t.co/SJRZ4FrfLE pic.twitter.com/TqPOXDz7Wt

— The Kobeissi Letter (@KobeissiLetter) February 4, 2022

Last week, during which the S&P 500 reached 10% correction territory but was +0.8% for the full week after a late-week rally, clients were net buyers of the dip in US equities

($5.5B; biggest inflow since late Nov./8th-largest in our data since ‘08). -BofA pic.twitter.com/ZHrWcByGw3

— Mike Zaccardi, CFA, CMT (@MikeZaccardi) February 1, 2022

Euro Area Inflation Unexpectedly Hits Record High One Day Ahead Of ECB Decision https://t.co/0mlWqjpqQg

— zerohedge (@zerohedge) February 2, 2022

Most blowoffs seem to revert to where they started.

I am not a CFT. $PYPL pic.twitter.com/8XDYKAB4Q3

— Rudy Havenstein, a teachable moment. (@RudyHavenstein) February 2, 2022

Inflation generalization in the G-4 economies (weight of items in the CPI with year-over-year inflation > 2%):

1. US CPI (black): 86%
2. US PCE (dots): 77%
3. UK (blue): 77%
4. Euro zone (red): 68%
5. Japan (grey): 25%

With @JonathanPingle pic.twitter.com/bypqfqyZ9b

— Robin Brooks (@RobinBrooksIIF) February 2, 2022