19 days ago • Posted by Paul de La Baume
Freight costs tumble. CPI in focus today! $SPY $QQQ #stocks #markets #inflation #trading #trending
Global shipping costs are back to pre-covid levels. The cost of a shipping container from China to America’s west coast is down 93% from September 2021 peak. Today, all eyes will be on the US CPI reading. Core CPI is estimated to rise by 5.7% YoY and 0.3% MoM. A softer print could help ease financial conditions further and reinforce current risk-on sentiment. Stocks are higher in pre-market.