Stocks & Commodities Soar On CPI Report, Falling Yields & The Collapse Of The Dollar
US CPI reports comes in cooler then expected, sending stocks, bonds & commodities soaring. With US dollar rolling over on the news.
Major US stock indices saw gains over between 4-5% on Thursday CPI report, despite real wages falling for the 19th month in a row.
Friday saw China change its quarantine time from positive cases, which boosted commodities across the board with the Bloomberg index up 1.5% on the news.
With commodities rising again on a weakening dollar, I'm expecting inflation to move higher again in the medium to long term, undoing the falls seen in Y/Y CPI in US.
In addition historically, a FED pivot usually means stocks head lower not higher in the medium term. However markets are ignoring all of this as they head higher.
Inflation expectations in US saw another rise from consumers which Powell watches closely, meanwhile consumer confidence is looking terrible with new lows created in US property buying conditions. Once again US stocks are ignoring it all.
Meanwhile wholesale gasoline prices are on the rise in the US, which will lead to retail pump prices moving higher very soon & causing further price pressure on consumers.
Technical charts reviewed include:
SPX, DOW, NDX, DAX, XJO, Gold, Oil & DXY.
Links:
https://www.cnbc.com/world/?region=world
https://www.zerohedge.com/commodities/commodities-soar-after-china-eases-quarantine-rules
https://www.zerohedge.com/markets/fed-pivot-will-be-no-cure-stock-marketss-ills
https://www.zerohedge.com/commodities/oil-trades-above-90-china-reopening-optimism
Follow me:
Twitter: @crushthemarket
#FED #Bonds #Yields #Stocks #Pivot #Inflation #FOMC #SPX #DOW #CPI #NDX #XJO #DAX #Powell #Dollar #Gold #Oil #Crude #Markets #DXY #TerminalRate #Commodities #China #Macro
-
1:15:55
Redacted News
4 hours agoBREAKING! WEF'S Klaus Schwab drops BOMBSHELL, Zelensky becomes a Dictator | Redacted News Live
52.4K171 -
2:55:44
FRENCHY4185
3 hours agoROAD TO 100 FOLLOWERS !!! TRYING "XDEFIANT", IS IT A COD-KILLER ?!?!?!?!
11.8K3 -
Major League Fishing
5 days agoLIVE Bass Pro Tour, Heavy Hitters, Day 4
61K1 -
Revenge of the Cis
3 hours agoEpisode 1346: Summer Body
22.4K3 -
1:00:31
In The Litter Box w/ Jewels & Catturd
20 hours agoJury Tampering | In the Litter Box w/ Jewels & Catturd - Ep. 572 - 5/21/2024
41.3K21 -
1:17:16
Awaken With JP
5 hours agoNothing Is as It Seems - LIES Ep. 41
45.5K30 -
1:05:21
The Quartering
22 hours agoJimmy Dore LIVE On Trump Trial, Biden's Decline, 3rd Party & The State Of Comedy & More
47.2K31 -
1:13:50
Lee Camp
5 hours agoLIVE: 3 Mysterious Events Benefit US This Week! (& much more)
24K -
1:04:12
Barstool Chicago
6 hours agoThe Mid Show LIVE | Tuesday, May 21st, 2024
23.3K2 -
2:07:33
Tucker Carlson
5 hours agoErik Prince: CIA Corruption, Killer Drones, and Government Surveillance
129K308