July 13th Potential Channel Breakout On Inflation Print
If the 13th at 8:30am shows 9% inflation which Bloomberg is expecting, then the message of accelerating inflation in the face of large rate hikes will set the markets on another sell-off, and cause the Fed to increase their hawkish stance.
CPI went from 8.3% to 8.6%. If it's more than +.3% then we'll have a big problem. SPX may break the descending channel and BTC and all of crypto will probably see that next really large panic leg down.
I'd get up and read the report - it takes a day or two for the market to really digest the info so you can be first to the party.
CPI went from 8.3% to 8.6%. If it's more than +.3% then we'll have a big problem. SPX may break the descending channel and BTC and all of crypto will probably see that next really large panic leg down.
I'd get up and read the report - it takes a day or two for the market to really digest the info so you can be first to the party.