Markets shrug off bad inflation data - is the bottom finally in?
Markets open lower and have super-bullish price action across the board today giving us hope that the big dogs might know something we don't. Looking for follow-through tomorrow as confirmation after one of the most bullish candles I've ever seen printed today on stock indicies. Mortgage rates held up after starting the day down 105bps, so I'm happy camper. It was dooms-day at 6am this morning! Hope this helps - links below! #mortgagerates #realestate #homebuyer #valoan #dxy #bitcoin #stockmarket
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LINKS:
https://www.cnbc.com/2022/10/13/consumer-price-index-september-2022-.html
https://www.cnbc.com/2022/10/13/heres-the-inflation-breakdown-for-september-2022-in-one-chart.html
https://www.cnbc.com/2022/10/12/stock-futures-are-up-as-investors-await-inflation-data.html
https://www.mortgagenewsdaily.com/mortgage-rates
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