US CPI: The cooler the data the better for stocks right now – Goldman Sachs
Analysts at Goldman Sachs believe that softer United States Consumer Price Index (CPI) data is likely to be supportive of a rally in US stocks.
Key quotes
“The cooler the data the better for stocks right now.”
“Pain trade for fast money community would be cyclical outperformance on a hot print.”
“CPI around or below the 5% consensus could spark an equity rally, with the S&P 500 rising at least 0.5%.”
“A surprisingly strong reading would send stocks sharply lower, S&P 500 could drop at least 2% on a reading above 5.9%.”
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.