Unusual action in the markets today... The $VIX closed UP 9.5% while the S&P 500 finished UP 1.4%. Rare to see volatility jump this much with stocks closing higher. https://t.co/FbUwh91XMp
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And worth noting that the most salient price, gasoline, is way down. So very little reason to believe that an inflation spiral is looming any time soon 2/
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Will stocks climb when the Fed is done tightening? It doesn't always work that way. In some cases, stocks melted-up after declining during a tightening cycle, but in others, they fell as the Fed eased in response to an unfolding recession. https://t.co/TNLJbafwBv
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which analyst is going to take down price targets tomorrow for the oils?
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Surveys of inflation expectations aren't the most reliable indicators, since normal people don't really think in terms of a number. But for what it's worth, no sign of expectations losing their anchor 1/ https://t.co/vzjzOxS5lb
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Why is this happening? Traders are likely pricing in higher volatility over the next 2 days around the CPI report (Tuesday) and FOMC Announcement (Wednesday).
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Keep in mind that MoM CPI would need to be -0.2% or lower to get a YoY CPI reading in the 6s tomorrow (not seasonally adjusted). https://t.co/HuMqf7aPIr
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Just checking in... everyone does realize tomorrow is going to be one of the biggest days on the month and maybe even the year? Everyone ready for that? I just got in on my contracts!
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$SPY $385 or $408 tomorrow?
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Here's a look at $SPY's average absolute daily % change on the last 12 monthly CPI days. Has averaged a move of +/-1.95% on the last 12 CPI days. Was as low as +/-0.50% about a year ago. https://t.co/A2G6UxE1rH
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Tesla started 2022 with a net-positive score of 5.9%, then peaked in May at 6.7%. In early November, it fell to a negative-1.4% reading, according to a survey by U.K.-based research firm YouGov. https://t.co/NkyVLyXzx5
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Tomorrow is going to be the start of one of the BIGGEST MOVES of the Year! Are you ready for this? https://t.co/yLdUfDikSk
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The current estimate of 0.3% for MoM CPI would leave YoY CPI around 7.5% still. https://t.co/GIECmRb1EJ
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