Sideways, no trend for entire market. Which companies and which sectors are trending?

Jim Bianco thinks inflation will bottom for the year in the next 60 days, because there's a large base effect coming with the inflation numbers. Last year may was .9, June 1.2. When we replace those with .4, we should be in the low 3's for inflation numbers by July (when we get the June number), and then start drifting higher.

Most people are employed by companies under 500 employees, and those companies rely on small and medium sized banks. If those banks are impaired in giving them financial services or loans, that is going to chip away at the economy. And those banks are currently unsure about their deposits and their ability to give loans.

He expects a post-Pandemic economy, with an inflation rate of 3 or 4%. It has more friction and pricing problems.

Walmart revenues are up, but they're customers are also up. More wealthy shoppers are turning to less expensive options because they just can't/don't want to pay for what they get elsewhere.