So what are the chances that CPI results tomorrow effect SPY?
With the CPI (Consumer Price Index) results coming out tomorrow morning I’m wondering what that means for the S&P500.
Results are expected to show a rise in inflation of .4 % for January. Which will be 7.4% year over year. This is the highest pace since 1982. Now while the CPI is not a direct link to the stock market it can give insight into how FED will look to increase interest rates depending on demand.
With current supply chain shortages across the states mixed with potentially bleak CPI results. I can see a potential pullpack and a very red day in general.
The last CPI results came out on January 12th, the week or 2 following SPY fell around 45 dollars a share. Obviously not saying CPI directly caused this, put the timeline is interesting.
I grabbed a bunch of SPY puts today begrudgingly as I would much rather ride the retard bull. But I just feel like a tasty dip is looming.
Am Retard not financial advice.
TLDR: Inflation make gay bear gang bang on Spy.
Submitted February 10, 2022 at 12:59AM by CanadianGoku33
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