Stocks And Precious Metals Charts - Market Eyes CPI Number Tomorrow

Jun 9, 2022 at 5:49 PM EDT

Let's see how that CPI number prints tomorrow, and how the markets choose to interpret them.

Stocks took the gas pipe today, out of concerns for a bad print on the CPI data tomorrow.

And even worse, they went out on the lows.

Gold and silver were hit hard early on, but managed to take back a chunk of their losses, especially in the case of gold in a flight to safety.

That flight to safety was more evident in the dollar, which soared into the 103 handle.

The VIX bounded higher, again showing the risk off bias.

So let's see how that CPI number prints tomorrow, and how the markets choose to interpret them.

Smells like teen spirit.

Despite the temptations to greed and fear, be mindful of your soul. For that is what this is all about.

Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

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