The S&P 500 remains below 6,000, having gained 20% since April but unable to break its all-time high. Traders are tense ahead of CPI data and upcoming interest rate decisions.
Core CPI is forecasted at 2.9%, which is higher than the Fed’s target. Despite economic slowdowns, traders remain hopeful, betting tariffs won’t have a significant impact.
While traders show optimism, there is concern regarding market volatility and inflation. The market’s calm may not last, and any unexpected CPI results could lead to a selloff.
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