Recent market actions reflect investor caution despite record highs, as reactions to economic indicators remain muted. The Consumer Price Index (CPI) increased by 0.3% month-over-month and 2.7% year-over-year, while the Producer Price Index (PPI) stalled at 0.0%. Strong manufacturing indices and retail sales suggest steady economic recovery, leading to expectations of unchanged Federal Reserve interest rates. Additionally, geopolitical risks, especially in the Middle East, remain contained despite escalating tensions that could impact oil flows and global economies.
June's Consumer Price Index (CPI) rose by 0.3% month-over-month and 2.7% year-over-year-higher than expected-while the Producer Price Index (PPI) unexpectedly stalled at 0.0%. These figures suggest that while price pressures remain on the consumer end, they may be easing on the production side.
Despite these macroeconomic developments, the S&P 500 has neither seen a strong breakout nor entered a clear correction phase. This indicates that the market lacks sufficient downside momentum, and capital remains committed to the broader bullish trend.
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