What to Watch as Inflation Data hits the Headlines

[] PPI, HD earnings and tomorrow is CPI [] [] [] [] With the markets moving like they have been, there's a lot to unpack. We've just seen the S&P 500 break above that 50% Fibonacci retracement level [we talked about last week](. This is a good sign, but we’ve got the Consumer Price Index (CPI) coming out tomorrow, and that's gonna be a big deal. In the meantime, earlier today, the Producer Price Index (PPI) came out showing prices are still creeping up, though not as fast as before. We’re up 2.1% year-over-year, which tells us inflation is still hanging around. The Fed’s in a tough spot here — they’ve got to keep those interest rates high to fight inflation, but it’s squeezing consumers’ wallets. Tomorrow’s CPI report is where all eyes will be looking for tomorrow morning. If we see signs that inflation is cooling down, the market could take it well. But if inflation stays “sticky”, the Fed might keep up their rate hikes — or at least leave them unchanged. Tomorrow’s pre-open CPI reading will give us a good sense of how all this is impacting what we pay for stuff and how folks are spending their money. Meanwhile, after after pushing through that 50% Fibonacci level, the S&P is eyeing the 61.8% mark at 5492. If we close above that, it could set us up for a run at all-time highs. But, like I said, everything’s riding on what we see in the CPI tomorrow. Turning our attention to retail, Home Depot’s (HD) earnings, which came out earlier today, looked pretty solid, thanks in part to some seasonal hurricane activity. The stock dipped and recovered, all before the open, so that was interesting. Now, keep an eye on Walmart’s (WMT) earnings. They’ll give us a good look at how consumers are behaving. More folks are turning to value shopping with places like Walmart and Costco, which says a lot about the current economic sentiment. All in all, I believe we’re sitting at a critical point here. Tomorrow’s CPI is gonna tell us a lot — it’ll influence everything from the Fed’s next move to the way the market reacts. Keep your eyes on those key levels and stay ready for whatever the market throws our way. — Geof Smith P.S. Heading into an election, this one ticker has historically pulled the same stunt every August. And it looks like it’s about to happen again. [Click here to see what I’m talking about](. [] [] With the markets moving like they have been, there's a lot to unpack. We've just seen the S&P 500 break above that 50% Fibonacci retracement level [we talked about last week](. This is a good sign, but we’ve got the Consumer Price Index (CPI) coming out tomorrow, and that's gonna be a big deal. In the meantime, earlier today, the Producer Price Index (PPI) came out showing prices are still creeping up, though not as fast as before. We’re up 2.1% year-over-year, which tells us inflation is still hanging around. The Fed’s in a tough spot here — they’ve got to keep those interest rates high to fight inflation, but it’s squeezing consumers’ wallets. Tomorrow’s CPI report is where all eyes will be looking for tomorrow morning. If we see signs that inflation is cooling down, the market could take it well. But if inflation stays “sticky”, the Fed might keep up their rate hikes — or at least leave them unchanged. Tomorrow’s pre-open CPI reading will give us a good sense of how all this is impacting what we pay for stuff and how folks are spending their money. Meanwhile, after after pushing through that 50% Fibonacci level, the S&P is eyeing the 61.8% mark at 5492. If we close above that, it could set us up for a run at all-time highs. But, like I said, everything’s riding on what we see in the CPI tomorrow. Turning our attention to retail, Home Depot’s (HD) earnings, which came out earlier today, looked pretty solid, thanks in part to some seasonal hurricane activity. The stock dipped and recovered, all before the open, so that was interesting. Now, keep an eye on Walmart’s (WMT) earnings. They’ll give us a good look at how consumers are behaving. More folks are turning to value shopping with places like Walmart and Costco, which says a lot about the current economic sentiment. All in all, I believe we’re sitting at a critical point here. Tomorrow’s CPI is gonna tell us a lot — it’ll influence everything from the Fed’s next move to the way the market reacts. Keep your eyes on those key levels and stay ready for whatever the market throws our way. — Geof Smith P.S. Heading into an election, this one ticker has historically pulled the same stunt every August. And it looks like it’s about to happen again. [Click here to see what I’m talking about](. [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. 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Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](