Tech-Led Rally Fizzles With Powell And CPI On Deck This Week

person using MacBook Pro on table

Image Source: Unsplash

It started out so promising with a large rally in semiconductors. However, the optimism faded as the reality of Fed Chairman Powell's speech on Tuesday and CPI data on Thursday. While the market remains more bullishly biased as volatility-based indicators aren't peaked, it's still a wildcard if the Fed pulls the rug and CPI disappoints. Nonetheless, Fed Funds Futures are pricing in a rate cut in 2023 despite the Fed's Bostic outlining a different plan. (AMD, NVDA, OXY, RIG, XLE, KBH, RL, KHC)...

Video Length: 00:24:42


More By This Author:

More Bull? Or Prepare For The Bear?
Reading The Jobs Report Crystal Ball
Feeling The Wrath Of The Fed?

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.