CPI DATA was released today at 8:30 am and the market responded favorably up over 1% on the SP500 premarket.
Actual:
Core CPI (MoM) (Mar) 0.4%
Core CPI (YoY) (Mar) 5.6%
CPI (YoY) (Mar)5.0%
CPI (MoM) (Mar)0.1%
Estimates and previous below:
Core CPI (MoM) (Mar) 0.4% 0.5%
Core CPI (YoY) (Mar) 5.6% 5.5%
CPI (YoY) (Mar) 5.2% 6.0%
CPI (MoM) (Mar) 0.2% 0.4%
For a more detailed explanation of what this means for the markets and what stocks stand to benefit the most watch this video.
Wishing Everyone Massive Success in 2023 🍾
Welcome 🙌🏼 your morning stream really set me up for the day today. See you tomorrow for another battle.
Today was a great trading day . Tomorrow should be similar.