Source and data: Institute for Self Reliance
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Interactive Advisors
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With inflation still sticky and labor markets resilient, the bond market may force Chair Warsh toward a September rate hike unless upcoming jobs and CPI data show clearer signs of cooling.
It’s a “risk-on” market right now with the S&P 500 near four-year highs and several market indices reflecting broad risk aversion.
The cooler-than-expected CPI report initially pushed equities higher after the news, but once implied volatility reset, the rally fizzled, and choppy price action took over.
Markets are looking for more economic stimulus