Investors Flee To Super-Safe Nasdaq As Rate Hike Odds Fall After CPI Miss
Well, equities are higher to start the session, which shouldn't surprise you.
After all, we got some bad data this morning. Remember what we said just prior to the CPI print? Here's a reminder:
Of course the difficult thing is figuring out how to trade this. Because if you’re long risk, you don’t want a print that’s too good, otherwise the Fed has the green light to squeeze you by getting more aggressive with the normalization push, but then again, you don’t want it to be too bad ei
“prices in the large and persistent shelter and healthcare services categories both accelerated.”
The effects of these on Mom and Pop shouldn’t be understated. Filling up your gas tank for $20 less means nothing when rent and healthcare are wiping out any momentum the forgotten men and women might manage to achieve.