CPI Mercifully Misses Estimates, Now Let’s See If The Dip Buyers Show Up

CPI Mercifully Misses Estimates, Now Let’s See If The Dip Buyers Show Up

There could scarcely be a more dramatic setup for Thursday's CPI data in the U.S. U.S. stocks plunged on Wednesday as equities finally caught up to what it might mean if a flip in the equity-rates correlation proves to be some semblance of sustainable and bonds keep selling off. The 52-week correlation between the S&P and TLT is now the most positive on record, which suggests that if the bond rout continues, stocks will come under still more pressure. (Bloomberg) While it's not difficu
Subscribe or log in to read the rest of this content.

4 thoughts on “CPI Mercifully Misses Estimates, Now Let’s See If The Dip Buyers Show Up

  1. Nothing has changed unless the U.S. cuts spending by 10% a year until the deficit is eliminated rates will continue to rise. 5% may arrive by the end of the year

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.