Sep. 12 at 1:28 AM
Aug CPI: 3.4% YoY (in-line), core 2.4% (0.1pp hot). Fed Sept hike odds jumped to 86%, up from 60% a week ago.
DIA/
$QQQ all rallied ~1%+ anyway, snapping a 4-day losing streak.
$GOOGL +2.66%,
$AAPL +2.23%,
$ORCL earnings helped tech.
Why stocks rose despite hotter core CPI: oil reversed for the first time all week (after Brent hit
$100 then
$105). 10Y yield eased off its 2-decade high to ~4.94%.
Full breakdown: https://coronetberkley.com/research/cpi-86-percent-hike-odds-oil-reversal.html
Education, not advice.