Most Anticipated Release of 2023...

The most anticipated economic release of 2023 is coming. The CPI release on Tuesday at 8:30 am will be the most important data year to date. Last month CPI reading came in better than expected. The highlight was the CPI Month over Month was negative -.1%. The estimate on Tuesday is for .4%. This is considered a “hot” number. Essentially the estimate is significantly higher than the previous number. This is making investors nervous and causing expectations that fed rate hikes may go higher than expected. Below we can see Fed Futures of September 2023 moving from 4.8% to 5.18%. This move happened after the CPI Month over Month Estimate was released.

Similarity we saw a rise in the dollar ( DXY) We see the dollar moving off of $101 support to over $103

The ten year bond (TNX) is also responding to the estimate. Yields have moved from 3.5% to over 3.75% in anticipation of the hot CPI release.

These shifts in the other markets has cause a short term top to develop in the SP500 (SPY)

Here are the three most important numbers to watch for the Tuesday release.

CPI Month over Month .4%

CPI Year over Year 6.2%

Core (ex food and energy) CPI Month over Month .4%

Consider watching the number release live with us on Tuesday on the live stream at 8:15 am. In the meantime watch the video below for the top stocks to watch this week. pay close attention to the shippers.

Alpha Chasers Community Waitlist Click Here

1 on 1 Coaching Program Click Here

Wishing Everyone Massive Success in 2023 🍾