Financial News
How to trade the hot CPI report
July 13, 2022 at 16:13 PM EDT
Mid-week market update: So much for the Cleveland Fed inflation nowcast which was calling for a tame CPI surprise. The market reacted to the hot CPI print this morning by adopting a risk-off tone, though it recovered later in the day.
For equity investors, keep in mind that the intermediate-term structure of the S&P 500 is a falling channel within the context of a positive RSI divergence.
Here is how I interpret the stock market's outlook.
The full post can be found here.
For equity investors, keep in mind that the intermediate-term structure of the S&P 500 is a falling channel within the context of a positive RSI divergence.
Here is how I interpret the stock market's outlook.
The full post can be found here.
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