EXPECT VOLATILITY TODAY‼️
The US CPI data is set to be released today at 6:00PM IST
Expectation = 2.5% compared to last month’s 2.3%.
If the CPI comes in higher than 2.3%, it would mark the first increase since February
Here’s what to expect today 👇
🔻CPI exceeds 2.5% : Likely market sell-off, as it reduces the chances of a Fed rate cut.
🔻CPI remains at 2.5% : We may see a dip, but it’ll likely be a good buying opportunity.
🔺CPI below 2.5% : Expect a quick pump-and-dump, but the market should end the day in the green.
Note: Unless CPI comes in above 2.5%, the market outlook remains bullish.