The upcoming CPI and PPI reports are likely to have a significant impact on the market, as they will be the first major inflation data since the war that reflects the sharp drop in oil prices in June.
I think we could see cooler inflation readings, which might lead the Fed and the market to dial back their hawkish stance on potential rate hikes.
That scenario could put downward pressure on the dollar and Treasury yields, potentially fueling a market rally. Sectors that are sensitive to interest rates, like tech and small caps, along with precious metals, could be key beneficiaries.
$Invesco QQQ(QQQ)$ $Direxion Daily Small Cap Bull 3x Shares(TNA)$ $iShares Silver Trust(SLV)$ BTC.X $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
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