The U.S. Consumer Price Index (CPI) came in at +0.3% instead of the expected +0.5% and the market is popping on this cooler than expected reading.
Is this a legitimate move? Is the market going to have a bull run and will the Federal Reserve now pivot?
Still too early to say, since we need to see how today is digested. Heck, even a few days to see how it’s digested. But when I look around out there, the market is still generally weak and I would be cautious about being too bullish.
Let’s dive in a little more:
The final quarter of this year is full of economic variables influencing the stock market. How do you trade this market through the end of the year?
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Your Profit Pilot, TG