Good morning traders,
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.