Possible to see a miss. But when was the last time zerohedge
actually had something positive to say EVER. its a fear mongering
POS website ..excuse my french...CPI was 9 plus in feb and i has
been trending down ..just because it goes up a little doesnt mean
SPX tanks 500 points. Good luck with that
That said I sold my SPY calls and trimmed a portion of my long
term portfolio (IRA because I dont need to worry about washsale /
taxes etc)
I concur: bearish news is muted during a rising market trend. A
drop will likely be only on the futures, only to be promptly
reversed for the open. IMHO.
Posted by curranjohn on 11th of Jan 2023 at 06:15 pm
The masses are hoping for a fed pivot. Yet there is no
indication whatsoever that this could happen. Still they hope. If
PPI comes in below expectations then market goes up thinking
inflation is declining and fed can stop increasing rates. If
PPI comes in hotter than expected then fed needs to keep
tightening. Market goes down.
Reported at 6.5% YOY (0.1% lower than last month). That
used to be a recipe for disaster. now it's seen as good news;
crazy.
Cost of living continues to be unaffordable for many.
Prices would have to drop (not increase at a slower rate) to
actually make a difference. That requires a negative YOY
number, which is not in the cards anytime soon.
Well stated - it takes considerable time and pain to undo the
mistakes made over the previous years and the rampant gov't
spending (continuing) is not helping with this endeavor
CPI Projections
Posted by steve on 11th of Jan 2023 at 03:44 pm
Wells Fargo: 6.3% Bank of America: 6.4% Barclays: 6.4% Morgan Stanley: 6.4% JP Morgan: 6.4% Goldman Sachs: 6.4% UBS: 6.4% Citi Bank: 6.5% Credit Suisse 6.5% TD Bank: 6.5% BMO: 6.5% Scotiabank: 6.5%
Every bank has CPI coming in at consensus or lower
from zerohedge
Posted by junkie on 11th of Jan 2023 at 03:57 pm
from zerohedge
Possible to see a miss.
Posted by arun on 11th of Jan 2023 at 04:08 pm
Possible to see a miss. But when was the last time zerohedge actually had something positive to say EVER. its a fear mongering POS website ..excuse my french...CPI was 9 plus in feb and i has been trending down ..just because it goes up a little doesnt mean SPX tanks 500 points. Good luck with that
That said I sold my SPY calls and trimmed a portion of my long term portfolio (IRA because I dont need to worry about washsale / taxes etc)
I concur: bearish news is
Posted by junkie on 11th of Jan 2023 at 04:12 pm
I concur: bearish news is muted during a rising market trend. A drop will likely be only on the futures, only to be promptly reversed for the open. IMHO.
So, that means Fed doesn’t
Posted by mdgfain on 11th of Jan 2023 at 03:59 pm
So, that means Fed doesn’t have to be as aggressive with QT, so market goes up?
my reasoning is that lower
Posted by junkie on 11th of Jan 2023 at 04:00 pm
my reasoning is that lower CPI means less Fed intervention and less QE money needed. So the market will go lower.
The masses are hoping for
Posted by curranjohn on 11th of Jan 2023 at 06:15 pm
The masses are hoping for a fed pivot. Yet there is no indication whatsoever that this could happen. Still they hope. If PPI comes in below expectations then market goes up thinking inflation is declining and fed can stop increasing rates. If PPI comes in hotter than expected then fed needs to keep tightening. Market goes down.
Reported at 6.5% YOY (0.1%
Posted by RichieD on 12th of Jan 2023 at 08:43 am
Reported at 6.5% YOY (0.1% lower than last month). That used to be a recipe for disaster. now it's seen as good news; crazy.
Cost of living continues to be unaffordable for many. Prices would have to drop (not increase at a slower rate) to actually make a difference. That requires a negative YOY number, which is not in the cards anytime soon.
Well stated - it takes
Posted by steve on 12th of Jan 2023 at 08:47 am
Well stated - it takes considerable time and pain to undo the mistakes made over the previous years and the rampant gov't spending (continuing) is not helping with this endeavor
Thanks.
Posted by mdgfain on 11th of Jan 2023 at 04:03 pm
Thanks.