Big CPI Data, Bank Earnings Beat Expectations, Mixed Sectors
Today’s CPI release is in focus as inflation doubles expectations. Tech is leading in morning trade today in New York. [soros] Q2 2021 hedge fund letters, conferences and more Bank earnings were strong this morning; with JP Morgan Chase (JPM) and Goldman Sachs (GS) having big beats versus analyst expectations. These strong earnings results are being overshadowed mid-session with yet another giant print in CPI data. Giant CPI Data PrintThis morning, the market consensus was for a CPI print of 0.5%, but yet again, we got a huge number at 0.9%. This level is the highest since 2008 and has seemed ...