Keep in mind how the game has been played recently. Doesn't seem
like Gov data is real but market trades off it anyway. However,
markets generally want higher asset prices so it favors that side
(which is why it always wants more damaging stimulus so badly).
Anyway, last time PPI was before CPI. That was kind of strange and
market ran on PPI and essentially ignored CPI the next day. This
time CPI is first but the right PPI tomorrow could get the
stimulus addicts frothing at the mouth again and spike us back
above all of today's downside.
*Before you get yourself all wound up and offended, notice
that I simply paraphrased what you replied to my post and repeated
it back. Doesn't seem likely how they want the dialogue on here to
go...or maybe they do?
"Sticky CPI" came in at 4.1% which looks like it was a big
relief to the market which has to be worried the US is going to
follow China down the deflationary path. The chart looks to be
flattening now as opposed to continuing to fall. The print marked
the bottom today, along with a demand zone.
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Keep in mind how the
Posted by bthefnd on 11th of Sep 2024 at 10:58 am
Keep in mind how the game has been played recently. Doesn't seem like Gov data is real but market trades off it anyway. However, markets generally want higher asset prices so it favors that side (which is why it always wants more damaging stimulus so badly). Anyway, last time PPI was before CPI. That was kind of strange and market ran on PPI and essentially ignored CPI the next day. This time CPI is first but the right PPI tomorrow could get the stimulus addicts frothing at the mouth again and spike us back above all of today's downside.
It's a fool's game to
Posted by brophy on 11th of Sep 2024 at 11:13 am
It's a fool's game to try and figure all this out through logic. Just watch the market price and react to it.
Only a fool would say
Posted by bthefnd on 11th of Sep 2024 at 11:38 am
Only a fool would say what you just said.
*Before you get yourself all wound up and offended, notice that I simply paraphrased what you replied to my post and repeated it back. Doesn't seem likely how they want the dialogue on here to go...or maybe they do?
Agree - as traders we
Posted by steve on 11th of Sep 2024 at 11:15 am
Agree - as traders we need to focus on the levels
Atlanta Fed just came in
Posted by bthefnd on 11th of Sep 2024 at 11:00 am
Atlanta Fed just came in with a hot inflation print. Market found some footing...at least temporarily.
"Sticky CPI" came in at
Posted by bthefnd on 11th of Sep 2024 at 11:50 am
"Sticky CPI" came in at 4.1% which looks like it was a big relief to the market which has to be worried the US is going to follow China down the deflationary path. The chart looks to be flattening now as opposed to continuing to fall. The print marked the bottom today, along with a demand zone.