The 🇺🇸 Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for Dec tonight 12/1, at SG⏰ 9.30pm‼️ Fellow 🐯🐯🐯 as we get closer to the release ⏰, let’s check out the forecasts by the economists & researchers of some major banks together🕵🏻🕵🏻♂️ ⭐️ Annual CPI is expected to decline to 6.5% from 7.1% in Nov ⭐️⭐️ Core CPI (excludes volatile food & energy prices) is expected to lower to 5.7% from 6% ⭐️⭐️⭐️ On a monthly basis, the CPI is forecast to stay unchanged while the Core CPI is projected to rise 0.3%. (1) Wells Fargo ➡️ “We estimate CPI fell 0.2% in December, bringing the YoY rate down to a 14-month low of 6.3%. We expect another sizable decline in energy prices to weigh on the headline and offset further gains in food and core services prices. But the
Dec 14 - Tesla IncChief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday.The latest sale, Musk's second since his $44 billion purchase of Twitter in October, brings the total Tesla stocks sold by the billionaire to nearly $40 billion over the past year.He now owns 13.4% of the world's most valuable carmaker, according to Refinitiv data.Investor concerns that Musk's purchase of Twitter
SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20: daily returns for S&P500The SPDR S&P 500 Trust ETF that tracks the S&P500 soared by 5.5% Thursday - and almost broke into the top 20 daily S&P500 returns in history - since the 1920s. So, what doesit mean?