16 days ago • Posted by Paul de La Baume

#Inflation overshoots slightly #stocks #PCE #tech $SPY $QQQ #trading

The inflation data for June PCE jumped to 6.8% while core advanced 4.8% versus 4.7% expected. It seems the market is already ahead, focusing on the July CPI that will come out on the 8th of August. The inflation number in mid-August will be particularly important in signaling whether inflation is slowing, giving room for the Fed to lower its intensity of interest hikes. In the meantime, the market should continue to trade on earnings, macro data, developments in China, and words from Fed officials.  

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