Gee. What put the money interests in such a bad mood this morning?
The inflation report showed the lowest rate in three years.
Steve
Just noise…
The Captain
3 Likes
Mostly noise as Cpt stated but Core CPI (which excludes food and energy) missed the estimate - came in 0.1% higher than forecast - but still lower than the overall CPI, which in reality should be good news. food prices and energy prices grow at a slower rate than other prices and actually pulled down the over all CPI.
YOY, core CPI (again, excluding food and energy) is actually higher than overall CPI. All else being equal, that should be a good thing.
5 Likes
The debate last night?
DB2
1 Like
Nope. Future markets were up or flat until 8:30 at the release of the CPI report.
Good try though 
6 Likes
NASDAQ and The Captain are in positive territory. 
The Captain
4 Likes
The Naz ended up 2% and the S&P500 up 1%.
How 'bout that market…
DB2
5 Likes
And as soon as they lower interest rates it will have another “Crash day”. Oh NO! They lowered rates.5 instead of only .25% That must mean “they” see a recession that nobody else seems to see!! Everything sucks!
1 Like
Why have an answer?
The day was split in two.
The CPI and market are two different things.
For those who trade, that is a buying opportunity.
Must be 'cause the debate. 
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'cause the debate
There was a debate?
1 Like
db2’s post highlights the only relevant behavior - which Tom Bowley at EarningsBeats has been forcefully pointing out with clear data for years: market manipulation. Market down in “amateur hour”, until about 11:00. Then the market makers start picking up shares on the cheap. From the late morning low to the close was ~3%. Tomorrow, the next day, rinse & repeat until a bigger intermediate trend, either down or up, is established.
2 Likes