Hey Market Pilot,
Another hot Consumer Price Index (CPI) reading on Wednesday, but the markets reacted very differently than the last time the numbers were released.
Perhaps this indicates that traders are hedged better, or that too many people are on the bear side of the market. Either way, I think we should cautiously take note of how things responded to the CPI and that high inflation might be getting priced into the equation.
Take a look at what we’re seeing as this market tosses and turns:
Important data releases, including the Producer Price Index (PPI), will continue to impact the market. Learn how we’re working these events using the Moxie Indicator™ Mastery Program that works through all the volatility. Check out the market direction today!
Your Profit Pilot, TG