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CPI Inflation Report, Home Depot Earnings on Deck. Plus, Tech, Small Caps and a Bond Update

by | Nov 14, 2023

The market is ripping this morning on the latest Consumer Price Index inflation report, which showed prices slowed.

Month over month, consumer prices rose 0.1%, and 3.2% year over year versus forecasts of 3.3% (previously 3.7%). 

Core CPI rose 4.0% year over year versus estimates of 4.1%…

So we got lower numbers on both regular and core CPI, which is fantastic for the market — and the Dow ripped 300 points while the 10-year Treasury fell below 4.5%.

That was the biggest report of the week, but we still have the Producer Price Index coming Wednesday along with retail sales, which accounts for two-thirds of the economy. 

I would continue watching the bond market closely…

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

In today’s all-new briefing… 

I’ll discuss how the market will react after today’s CPI report… if tech is prone for more upside… if small caps are going to turn around… critical levels on SPY and QQQ… which sectors are leading right now… the strongest stocks for you to buy… the weakest stocks for you to fade!

P.S. Is This November’s Top Pattern to Trade?

Occasionally, a trading insight comes along that makes you sit up and take notice…

This week, I had the fortune of discovering a premarket trading strategy from a top-tier expert in premarket trading.

This strategy orbits a unique candlestick pattern that emerges around 7 a.m. Eastern every trading day. This isn’t just any pattern — it’s a precursor to some of the day’s most dynamic market movements.

I know, it might sound a bit out there…

But this very pattern played a crucial role in alerting him to major market upheavals like the dotcom bubble and the Great Financial Crisis.

The best part? He’s agreed to share his insights on how to leverage this 7 a.m. pattern, and I’m inviting you to join this exclusive circle.

And it doesn’t cost a thing! Just hit the link below and secure your spot. 

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WRITTEN BY<br>Roger Scott

Roger Scott

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