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Inflation fell to 2.9% in July. It is the first time the CPI has dropped below 3% since March of 2021. It is the fourth month in a row that the inflation rate has decreased. The Consumer Price...
As long-time readers are no doubt aware, I spend a healthy amount of my day trying to decipher the drivers of the daily market action. In short, whenever markets start to move quickly, I make it my...
Summary: Market expectations for July’s US CPI data release are centered around a 0.2% month-over-month increase and a 3% year-over-year increase. Different CPI outcomes will have varying effects...
We are exercising caution as the growth stocks and S&P 500 (NYSE:SPY) are in warning phases, well below their July calendar ranges, and with momentum showing some mean reversion but not enough...
US PPI data came in weaker than expected, leading to increased rate-cut bets and a rise in US indices. The Immediate resistance for the S&P 500 is at 5421, with support at 5330. June-August...
Last Monday, the markets had their worst day in two years. By Friday, the indexes had all bounced back, with the S&P 500 nearly breaking even. This week, the July CPI report on inflation comes...
Stocks extended their rebound on Friday, with the S&P 500 index reaching a local high of 5,358.67 and closing 0.47% higher. The market has retraced more of its recent declines, but is this the...
Improved market sentiment, Nasdaq 100 records weekly increase Yen holds recent strong gains as euro/dollar trades sideways today Rich data calendar this week, US CPI to dictate Fedspeak Gold and oil...
Gold has been in a sideways consolidation for over four months, with erratic movements making it challenging to predict the next move. On the daily chart, moving averages are flatlining, and we see a...
Despite a relief rally, US markets fell into the close on Wednesday. Bank of Japan’s reassurances have temporarily eased market pressures. Nasdaq 100's technical outlook suggests cautious optimism...
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