CPI unchanged for the month

    Posted by steve on 10th of Aug 2022 at 08:33 am

    CPI unchanged for the month 0.0% vs. 0.2% expected.

    Core 0.3% vs. expected 0.5%

    Fading this by selling 80%

    Posted by fundamentalvalues on 10th of Aug 2022 at 08:39 am

    Fading this by selling 80% long inventory I bought yesterday into that spike. They can feel free to take it higher, I have long term stocks if they can do it. Yesterday's spending bill so bullish for inflation too. I don't see how filling a gap with another gap is bullish at all. This market is illiquid and about to get even more so September 1 with additional QT. 

    US CPI YOY ACTUAL 8.5% (FORECAST 8.7%, PREVIOUS 9.1%)US CORE CPI YOY ACTUAL 5.9% (FORECAST 6.1%, PREVIOUS 5.9%)

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