The major indices are all down big on the heels of the latest Consumer Price Index inflation report, which showed inflation grew 0.3% versus expectations of 0.2% for January.
Year over year excluding more volatile food and energy prices, core CPI grew 3.9% versus expectations of 3.7% — this is the most important number to key on.
Say goodbye to interest rate cuts as soon as May, so everything is dumping now — the Federal Reserve has some explaining to do!
We’ll have a good idea of where we stand after this week.
We also have some big earnings reports coming, rising volatility, bonds, my morning hit list in this morning’s video…
I’ll cover all that and more in this morning’s “Premarket Must Watch” video.
Roger Scott
Roger Scott Trading
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P.S. The Perfect Catalyst for the ‘60-Second Trade’ Just Hit!
Most traders don’t know this yet, but thanks to its upcoming earnings announcement on Feb. 21…
At-the-money NVDA options are paying double the premium right now…
And it’s the perfect catalyst for me to launch the EXACT setup that’s nailed every NVDA trade over the last four months.
Now, I can’t promise future returns or against losses, which is why you should never risk more than you can afford to lose…
But this setup is pretty straightforward — you don’t need to be a 30-year market veteran like me…
You don’t need to know how to leverage complex options…
You don’t need to be a millionaire…
And you don’t need to be glued to the computer all week long to make it happen…
As a matter of fact, it takes just a few minutes to put everything in place…
See for Yourself LIVE at 10 a.m. ET TODAY
The profits and performance shown are not typical to any individual subscriber to the service, we make no future earnings claims, and you may lose money. From 9/14/23 through 2/1/24, the average win rate in our model track record is 90%, the average return per position is 2.9% with an average hold time of 7 days.
