CPI’s Influence on Market Dynamics: A Closer Look
CPI’s Influence on Market Dynamics: Tom Essaye Quoted by BNN Bloomberg
Nasdaq 100 Drops 1 per cent as Apple slides after event
CPI is really key because if it halts its downward trend, markets will have to price in a more hawkish Fed. And that would be a headwind on stocks, said Tom Essaye, a former Merrill Lynch trader who founded The Sevens Report newsletter.
Lastly, “Put in a more familiar way, CPI impacts two of the three pillars of the rally: disinflation and expectation the Fed is done with rate hikes,” Essaye noted.
Also, click here to view the full BNN Bloomberg article published on September 12th, 2023. However, to see Tom’s full discussion on CPI’s influence on markets sign up here.
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