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!
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