Goldman Sachs expect that US stocks will rally on any soft inflation print
US inflation data for April is due on Wednesday, 10 May 2023 at 1230 GMT, 0830 US Eastern time:
- US CPI data due Wednesday - preview: Fed officials will likely be cautious
- Preview: US CPI to be released tomorrow. What to expect?
Goldman Sachs:
- “The cooler the data the better for stocks right now,”
- “Pain trade for fast money community would be cyclicals outperformance on a hot print.”
- CPI around or below the 5% consensus could spark an equity rally, with the S&P 500 rising at least 0.5%
- a surprisingly strong reading would send stocks sharply lower, S&P 500 could drop at least 2% on a reading above 5.9%
GS comments come via a Bloomberg report, gated
This article was written by Eamonn Sheridan at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/5FcA7NT
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
