HOTTER NEW DATA HAS POTENTIAL TO HURT THE STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hotter CPI
Please click here for a chart of the Consumer Price Index (CPI).
Note the following:
- June Core Consumer Price Index came at 0.9% vs. 0.5% consensus.The headline CPI also came at 0.9% vs. 0.5% consensus.
- The data indicate that inflation is running much hotter than the consensus.
- For investors, it is important to take a look at CPI over a long term. This is the reason the chart shows CPI over the last 20 years.
- Note from the chart the latest spike in CPI.
July 13, 2021