It’s a big morning with the latest Consumer Price Index inflation report hitting Wall Street, and the latest Federal Open Market Committee meeting beginning anew before ending Wednesday with the latest rate decision.
So the next two days will be volatile as the market sets up for its next move.
We are starting the day positive instead of negative, which is a bullish sign.
As for the CPI, numbers came in line with expectations.
The big data points are year over year, which showed inflation at 3.1% versus. 3.2% previously and expectations of 3.1%. Core CPI, excluding more volatile food and energy prices, came in at 4.0% versus 4.0% previously and a 4.0% estimate.
Up next on Wednesday, we have the Producer Price Index, which shows how inflation is impacting producers.
We’ll also get the latest interest rate news from the Federal Reserve — but I see no way we get an interest rate hike right now.
Oracle’s earnings report after the bell Monday disappointed and the stock is down almost 10% this morning, also dragging names like Cisco and Pandora down with it.
Meanwhile, global markets are focused on the U.S. inflation data and upcoming rate decision…
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing…
I’ll discuss the CPI, critical levels on major indexes… earnings outlook… a bond market update… the global economy and much, much more!
P.S. 1 Stock Before the Latest FOMC Meeting Kicks Off Again
It’s Dec. 12, and the Federal Open Market Committee is once again meeting to decide what to do with interest rates next.
But that’s not all that’s important about this specific date…
According to a proprietary calendar developed by Graham Lindman, there’s a stock that has risen every Dec. 12 for the past decade…
So he’s locked and loaded, ready to trade this “On the Clock Stock.”
Wondering what an “On the Clock Stock” is?
They’re tickers that have consistently risen on the same dates for the past decade or more. These stocks move like clockwork, always trading on specific dates with a strong track record of payouts.
And while we can’t promise future returns or prevent losses, the track record is undeniable. Graham and I will be live again at 1 p.m. ET today to tell everyone all about it…
