GBTC - The Big Inflation Week Starts Today
2024-05-14 00:15:00 ET
Summary
- While oversimplifying any formula in the financial markets tends to backfire more often than not, good inflation numbers tend to deliver new highs for the S&P 500.
- My thesis is that we put in a bottom in April, which should, hold with a dovish Fed.
- This morning, we begin the inflation releases with the Producer Price Index (PPI), continuing tomorrow with the Consumer Price Index (CPI).
While oversimplifying any formula in the financial markets tends to backfire more often than not, good inflation numbers tend to deliver new highs for the S&P 500, while bad inflation numbers often mean more backing and filling. My thesis is that we put in a bottom in April, which should, hold with a dovish Fed....
The Big Inflation Week Starts Today