Hot CPI and getting hotter

2022-07-13 / Bruce Marshall

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In this video, we look at today’s CPI numbers that came in very hot. We had a whopping 9.1% inflation rate which puts us at a 41-year high. As expected, the market was not happy with this and initially sold off hard. We have more data coming out tomorrow and an upcoming FED meeting as well. In addition, we have earnings season starting and this adds even more volatility to the market. What happens next and what can we expect?

Bruce Marshall

Bruce began his career working for a Wall Street firm on a bond desk after the Crash of ’87. He spent several years trading bonds until he switched to the equity side which developed his love of trading equities and options early on. He traded IPO’s, secondaries, and preferred’s. In the early days, he actually had to hand write “tickets” to buy and sell securities.