Cool CPI, Can the Market Hold its Gains?

June 13, 2024/Comments Off on Cool CPI, Can the Market Hold its Gains?

CPI came out much cooler than expected, and the market popped on that data. By the end of the day, however, there was a lot of selling off. We can’t yet know if that was a sign of real weakness or just the market needing to digest such a big move. Time is needed to see what unfolds, but here are some things to look for.

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