July CPI May Bring Limited Upside Potential For US Stock?
Market participants expect that after the release of CPI data, the broader market may decline. $E-mini Nasdaq 100 - main 2309(NQmain)$
If the CPI data is better than expected, there is an increased probability of interest rate hikes, which could lead to a drop in the US stock market.
On the other hand, if the CPI falls short of expectations, it indicates a weaker economy, and the US stock market could still experience a decline.
In summary, the US stock market has limited upside potential and significant downside potential. However, there is a possibility that the market may experience a temporary upward movement, luring in more buyers (bullish sentiment)
The consensus for July CPI is 3.3%, higher than the June CPI of 3%.
data from Trading economics
As for other assets, $Hang Seng Index - main 2308(HSImain)$ may be also affected by US stock market. That means if $E-mini Nasdaq 100 - main 2309(NQmain)$ dips after CPI, $HSI(HSI)$ will also suffer.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[财迷]