So we had the CPI report today and it was decent but market didn't respond.
1) The consumer price index rose 0.1% in March and 5% from a year ago, below estimates.
2) Excluding food and energy, the core CPI accelerated 0.4% and 5.6%, both as expected.
3) Energy costs fell and food prices were flat. Used vehicle prices also declined.
4) A 0.6% increase in shelter costs was the smallest gain since November, but still resulted in prices rising 8.2% on an annual basis
At least from last couple of CPI reports, inspite of them being decent we havn't seen intra day movrments.What could be the other reasons now driving markets?
[link] [comments] https://www.reddit.com/r/stocks/comments/12jut2f/whats_driving_the_market_sentiment_now_it_aint/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
