Reply To: Potential Risk OFF move with high CPI Data on Thursday

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    BarX

    Community Trading Group Administrator
    October 13, 2022 at 12:48 pm

    Inflation is showing no signs of slowing. The Consumer Price Index (Inflation) rose .4% in September after rising .1% in August. Year to year it rose 8.2%.
    This is bad news for the FED meaning they have no option than to raise interest rates again in the fight against inflation. In addition the Jobless Claims rise to highest levels in 7 weeks.
    US Equity Futures took a dive, meaning the NYSE is likely to open lower on the open at 9:30am EST. This is a potential big Risk OFF trade. Lets wait for the open before getting into a trade.