Market On Open, Wednesday 14 August
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Nothing To Do But Wait
by Alex King
PPI data was received positively yesterday, pushing the market up across all equity indices and most all sectors (energy was notably red, it should be said). Today we have CPI at 0830 Eastern. The market has to balance its eagerness for Fed rate cuts (low CPI will encourage this) and its worry about a recession in the US (too-low CPI will encourage this). As always, it’s not the print that matters, it is how the balance of money reacts to the print that matters.
In chat today, our macro analyst Yimin Xu noted the following as regards recent inflation prints.
This chart tells you that the market is going to do what the market is going to do.
The charts we publish here daily can be used to plan hedging, stop-losses, profit-taking orders, you name it. Let's dive in and see how markets stand as of Friday's close, before the opioid drip begins again on Sunday night.
By the way, if you want updates through the day, not just once per day, and if you want real-time trade disclosure alerts whenever Cestrian staff personal accounts place trades in the stocks and ETFs that we cover - join our Inner Circle service.
Let’s Get To Work
As always in our market notes, we deal with long- and short-term charts covering the main US equity indices - that’s the S&P500, Nasdaq-100, Dow Jones-30, and the Russell 2000 - plus bonds, volatility, oil, and key sector ETFs. You can use these daily notes to help you navigate long-term investments, and/or to help you action short-term trading. Any paid-tier subscription here gets you these notes every trading day.