9 days ago • Posted by Ajmir Omid

US CPI good enough to Shoot Nasdaq higher $QQQ #inflation #trading

The US Core CPI rose modestly, +0.6% MoM (vs 0.5% forecasted) and +5.5% YoY (vs 5.4% forecasted). Shelter, and used cars and trucks were the largest contributors, while energy prices had their first decline in December. The Dec CPI number is better than "feared”, but it is unlikely to alter Fed policy for the moment. However, the news is well perceived by markets as both the S&P 500 and the Nasdaq are moving higher.

#Stocks #Macro