Market On Close, Tuesday 10 September
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CPI On Deck. Markets Looking Up, For Now.
by Alex King
Everything in Q3 has front-run Q3 - by which I mean, the July rally peaked early, a deep correction came in August already, and right now markets are thinking about moving up. The big moves have all been around 2-3 weeks ahead of typical seasonality.
Tomorrow we get the CPI print at 0830 Eastern. You know the drill. Doesn't matter what the number is, it's the reaction that matters. And the first reaction is not likely to be the final reaction. Extreme fear / greed moments happen around these big data points; market-makers know it, and spend quite some time taking out both long stops (placed to protect short positions) and short stops (used to protect long positions) before finally settling on a direction and then heading off that way after all. In my opinion the primary mistake one can make on big data days like tomorrow is to have stop-loss or hedge orders placed too tightly; you have to allow a little swinging of the mace to take place and it not to deliver a mortal wound to your account.
Let's take a look at where markets stand before the craziness begins tomorrow.
Inner Circle Price Rises
Our top-tier Inner Circle service will see material price rises on 1 October, to bring the pricing closer to other professional-grade services. New joiners today will pay just $2,999/yr or $399/mo, or a one-time $9,999 for 6yrs. On 1 October those prices rise to $4,999/yr, $699/mo or a one-time $19,999 for 6yrs. Once you sign up, your price doesn’t rise as long as you remain a subscriber. Join today!
(If you'd like to check out one of the benefits of Inner Circle membership, try watching the recording of yesterday's live webinar - you can see that here).