Good CPI Data But Market Red?
Core CPI MoM ticked 0.1% up
This is favourite indicator of Fed
Now What’s Next?
Sep 18 is Rate Cut Day
50bps and 25bps both were priced in 50% chances
Now?
50bps ruled out
So 25bps is Next
Market was Extreme Priced in, Before the Event
Now, this is just a Fundamental Pullback to add More Back
On sep 18, 25bps is Now Final
Accumulate these Dips is my fundamental stance
You will witness it Soon🤝
post Credit @AbuCartel