CPI Prep and Gold/Stock Reaction Map
Goldman and JPMorgan Analysis
Housekeeping: Good Afternoon
Contents
CPI Analysis for Gold and Stocks
GoldFix Bottom Line for Gold
Goldman Sachs CPI Prep
JPMorgan CPI/ Retail Sales Prep
CPI Analysis for Gold and Stocks
DATA FOR WEDNESDAY, AUG. 14
8:30 am Consumer price index July 0.2%
8:30 am CPI year over year 3.0%
8:30 am Core CPI July 0.2%
8:30 am Core CPI year over year 3.2%
CPI is not necessarily as important as it has been the past year or so. Now that the worst of inflation is behind us ( for the moment), market participants are all focused on the economy itself. The logic is simple, if somewhat perverse. Every bank deems inflation dead based on what they see in the pipeline data. Therefore they extrapolate CPI to continue decreasing until the 2% target is hit.
And so, some of Wall Street is now focusing more on recessionary cues for a sign of Fed cutting.