CPI positioning breadcrumbs
|S&P 500 had one more good day before CPI as premium predictions for clients, and my CPI expectations presented yesterday, remain intact – and are further developed in the full analysis. As initial S&P 500 selling attempt failed and Nasdaq kept above an important late Sep resistance turned support line, thaa price action coupled with intermarket views allowed for nice intraday gains capture for clients.
Yesterday‘s playful article title is thus giving a fresh meaning (resolution) to the „truly“ word. NVDA and SMCI duo didn‘t really disappoint, and I‘ve talked IGV and ORCL enough in the last few days. As mixed as the FOMC minutes were in viewing both Jul and Sep rate cutting made, the bond market view presents us visually the following clues going into CPI today (premium)..
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