JP Morgan CPI playbook for today! 50% chance of inflation coming in at 7.2%-7.4%

upupahcai
2022-12-13

Came across JP Morgan playbook for today at Bloomberg.

They are seeing a 50% chance of inflation coming in at 7.2 percent - 7.4 percent which is in line with expectations and a S&P gaining 2-3% on this as investors cheer a drop 0.8% in inflation over the last two months.

The concern will be the 25% chance of inflation coming in hotter which will be very bad for the market. 

VIX is up 25% over the past 5 days shows how uncertain the environment is before CPI release. 

Let's wait in anticipation! 

$SPY(SPY)$ $S&P 500(.SPX)$ $QQQ(QQQ)$ 





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Comments

  • upupahcai
    2022-12-14
    upupahcai
    S&p did rise 3% but all the gains erased by the end of the day lol
  • upupahcai
    2022-12-13
    upupahcai
    Came in at 7.1% [666]
  • Ratt
    2022-12-17
    Ratt
    Think i Hodl for the Christmas break. Markets all over the place
  • EvanHolt
    2022-12-16
    EvanHolt
    Hopefully the CPI data will make the stock market rally.
  • Maria_yy
    2022-12-16
    Maria_yy
    It seems that the stock market is full of uncertainty at the moment.
  • ElvisMarner
    2022-12-16
    ElvisMarner
    The VIX has certainly been volatile in recent days.
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