Monica Kingsley
Monicakingsley
S&P 500 had no fear going into CPI, and overpowered the sell the (good) news retail reaction. Coming in perfectly in line with expectations, CPI didn‘t move rate cutting odds much. Even if 0.1% figures would have taken S&P 500 above low 5,480s, my reading of both the figure and its aftermath was OK. VIX also continued its steady retreat to the 16 handle.
Stocks are though thort-term overbought, making the pace of gains painstakingly slow, but let me feature first the CPI predictions of yesterday, followed by expectations for today‘s retail sales, unemployment claims and manufacturing data (further nuanced in importance for client below).
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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