Good morning traders,
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.