Apr 11 in General discussion
CPI
Here is why the market sold off yesterday.
- In a previous post I communicated the straight up trend had broken and we are settling for a few weeks
- CPI data was higher than expected. Of course it was. And that data isn’t even accurate bc true inflation is 10+%
- Higher inflation suggests one of two things.
- rate increases to tame it
- No rate cuts to wait for more data which is most likely
The market threw a tantrum Yesterday because it wants cheaper interest rates. I’d look for some buyers to Come and and buy the discount for earnings but please keep in mind - the bullish trend broke and we are in a time of the year that isn’t expected to produce big gains to the upside
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CPI
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