ES, TLT React Positively to CPI Report
By
Mike Paulenoff
Bottom Line: The markets LIKED what they saw in this AM's CPI Report, but now we turn our attention to the Fed later today, which will determine if this AM's post-CPI gains hold, extend, or reverse...
Below are the updated charts I posted earlier this AM that show the positive reaction to the CPI report...
(FinancialJuice)
According to Barrons:
Analyzing the Data
Here's a recap of the numbers:
Headline CPI increased by 3.3% year over year in May vs. 3.4% expected by economists, according to FactSet.
The index was flat month over month vs. 0.1% growth expected.
Core CPI increased by 3.4% year over year vs. 3.5% expected in May.
On a monthly basis, that index rose by 0.2% vs. 0.3% expected.