2024-07-08 16:05:05 ET
Summary
- With stock markets at all-time highs, investors may be indifferent to the upcoming inflation report.
- Concerns about persistent inflation hidden for those holding S&P 500 while apparent in the Russell 2000 performance.
- Companies in the AI hardware sector skewing index returns.
- Real-world economy stocks are already trading lower, ahead of the CPI report. Why?
On Thursday, the Bureau of Labor Statistics will release the June 2024 Consumer Price Index. Investors may choose to be indifferent to the inflation report, since the stock markets priced in advance a disinflation scenario. At the time of trading, two of the widely followed indices traded at all-time highs. The S&P 500 (SP500) traded at around 5,580, while the Nasdaq (COMP.IND) neared 18,420....
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For further details see:
Inflation Expectations In The June CPI 2024 Report