A quick post here to note the tense atmosphere in the market. It is fair to say all eyes are on the U.S. CPI number tonight.
U.S. CPI hit 8.5% YoY in March 2022 - the highest level in the past 40 years. The professionals are saying that inflation has likely peaked, and April figure should be lower. Bloomberg consensus pencils it at 8.1%.
I am thinking aloud how the stock market can swing. If the figure is higher than act. 8.5%, another selloff may occur; if the figure is lower than est. 8.1%, a relief rally may occur.
Either way, volatility is here to stay, which means possible opportunities to load on quality stocks.
Keep your cash ready.
U.S. CPI hit 8.5% YoY in March 2022 - the highest level in the past 40 years. The professionals are saying that inflation has likely peaked, and April figure should be lower. Bloomberg consensus pencils it at 8.1%.
I am thinking aloud how the stock market can swing. If the figure is higher than act. 8.5%, another selloff may occur; if the figure is lower than est. 8.1%, a relief rally may occur.
Either way, volatility is here to stay, which means possible opportunities to load on quality stocks.
Keep your cash ready.
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