CPI
Too much disinflation is a negative for risk-on
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Last Week:
Challenge Account: No changes, still in a swing trade.
2k to $556 (down from 4.7k portfolio high)
Relevant Topics, News, and Data:
Sunday Night: Elon Musk and Donald Trump on X
Home Depot Tuesday morning
Tuesday: PPI
Wednesday: CPI
Thursday: Retail Sales
Walmart Thursday Morning
Friday: Building Permits and Housing Starts
We are at the mercy of election season volatility that can also be represented in Trumps odds of winning if you like it or not. After everything that has happened the last few weeks, we have a key pieces of data this week, inflation reports. PPI and CPI are forecasted to come in lighter YOY. I would like to see either a sightly hotter print or come in line. Too much disinflation can be negative for the market.
Home Depot and Walmart earnings will be key as well. As a complementary data point to retail sales, we will see what these two large retail companies have to say about the state of business and guidance. The expectations for these two companies are high for this quarters earnings.
There are other notable earnings like BABA, DE, and CSCO.