Morgan Stanley warns: CPI report may lead to significant Fluctuation in the S&P 500 index

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The July 10th data from Jinsan News, Andrew Tyler, the head of market intelligence at JPMorgan in the United States, said that Thursday's inflation report could disrupt the stock market's calm. The institution predicts that the core CPI in the United States in June will pump 0.2% month-on-month. If the data exceeds 0.3%, it may trigger the sale of risk assets, causing the S&P 500 index to fall by 1.25% to 2.5%. However, the likelihood of this scenario is very small. If the data is between 0.15% and 0.20% (the most likely scenario), the S&P 500 index is expected to pump 0.5% to 1%. If the data is between 0.20% and 0.25%, the stock market may initially decline, but the decline in bond yields will ultimately support the stock market, pushing the S&P 500 index to pump 0.25% to 0.75%. Tyler added that if the core CPI is below 0.1%, it will be seen as extremely favorable for the stock market, possibly prompting some to call for an interest rate cut in July, and causing the S&P 500 index to pump 1% to 1.75%.

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Humayunmiahvip
· 2024-07-09 18:01
Buy the Dip 🤑
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Humayunmiahvip
· 2024-07-09 17:59
Buy the Dip 🤑
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