Obigoot
10-14

Wall Street is holding its breath for the number that could reset Fed expectations this afternoon.

September CPI drops at 8:30 a.m. ET. (Singapore 8.30pm). Consensus looks for headline inflation to tick up to 3.6% year-over-year (from 3.4%) and core to 2.5% (from 2.4%). With the 10-year yield already hovering near 5.2% and the Fed still signaling at least one more hike is possible this year, a hotter print would pressure rate-sensitive stocks and keep bond yields elevated. A softer surprise could give equities room to bounce.

My personal opinion will be 3.6% for headline and core inflation 2.6%.

Watch energy, shelter, and the core monthly figure—those will move the tape.

$Vistra Energy Corp.(VST)$   $Blackstone Group LP(BX)$  $Invesco QQQ(QQQ)$  $NVIDIA(NVDA)$   

Modified in.10-14
Warsh Refuses Forward Guidance on Rates; October Decision Still in Doubt?
QQQ fell 2.50% and SPY 1.11% Friday as hotter CPI and PPI data fueled rate fears, while Warsh declined to preview the October decision. Bulls note no clear hike signal and see AI as a supply boost that could ease inflation; bears point to bond markets pricing a third hike and tech’s rate sensitivity. With the Oct. 27–28 meeting ahead, should investors hold QQQ, rotate into SPY value sectors, or reduce exposure?
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Comments

  • Obigoot
    10-14
    Obigoot
    CPI came in hotter than consensus. don't expect any green tonight...brace for impact
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