Alex's Mystery Guest Makes Shocking Trump Revelation

Over the next 4 years, Trump is about to create something extraordinary. A real chance for everyday Americans to build serious wealth... wealth that would dwarf what we saw in his first term. We're talking about a potential economic transformation that could mint 20 million new millionaires. Put everything else aside and watch this special event right now.

June CPI Report On Traders' Radar: Analysts Predict S&P 500 Move For Thursday Under Different Inflation Scenarios

Shanthi Rexaline
July 10, 2024

Editor’s note: The story has been updated to reflect that the CPI data is due on Thursday.

The all-important consumer price inflation report for June – one of the important reports due before the Federal Reserve’s July 30-31 monetary policy committee meeting – is expected on Thursday.

What Happened: Economists, on average, expect June’s headline monthly consumer price inflation rate at 0.1%, a slight tick up from unchanged prices in May. Annually, the CPI inflation may have slowed from 3.3% to 3.0%.

The core consumer price index, which strips off volatile food and energy prices, is expected to have risen 0.2% month-over-month and 3.4% year-over-year, essentially unchanged from corresponding May readings.

Inflation data is market-moving, given the implications it has for the Fed funds rate. Fed officials, including Chair Jerome Powell, haven’t yet declared victory on inflation despite the pricing pressure thawing from a 9%+ level in June 2022. That said, inflation continues to hold stubbornly above the central bank’s 2% threshold.

In prepared remarks, delivered as part of his semi-annual monetary policy testimony before Congress on Tuesday, Powell said, “We do not expect it will be appropriate to reduce the target range for the federal funds rate until we have gained greater confidence that inflation is moving sustainably toward 2%.”

That said, the Fed chair clearly messaged that any change in policy stance hinges on incoming data – a position Fed officials have been maintaining for some time now. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” Powell said on Tuesday.

The comments did not alter the odds for the September meeting, with the futures market still pricing in a 73% chance of a rate cut.

See Also: Best Inflation Stocks

What’s Next: Traders have been discounting a downward rate move in September and this is one of the premises, along with the artificial intelligence technology, that has driven the stock market to dizzying heights.

The Nasdaq Composite Index and the S&P 500 Index have been notching record after record, while the 30-stock Dow Industrial Average has been the laggard.

Presenting all possible scenarios, JPMorgan’s trading desk flagged the likelihood of a move ranging from a negative 2.5% to a positive 1.75% for the S&P 500, according to the snapshot of the note shared by an X platform user.

Monthly headline inflationProbabilityS&P 500 Move
<0.10%2.50%+1.0% to +1.75%
0.10%-0.15%15%+1% to +1.5%
0.15%-0.20%35%+0.5% to +1%
0.20%-0.25%30%+0.25% to +0.75%
0.25%-0.30%15%-0.75% to -1.25%
>0.30%2.5%-1.25% to -2.50%

Energy prices rose in June amid supply concerns, with the WTI grade light-sweet crude advancing about 5.9% before ending the month at $81.54. The spotlight will be on the contentious shelter cost, which many argue is the reason behind inflation holding stubbornly high. Shelter costs account for 30-40% of the CPI.

The CPI basket includes rents and “owners' equivalent rents,” which estimate the amount a homeowner might charge if they rented out their own home. The OER component is considered a lagging indicator by many economists as it is the amount negotiated at the start of the lease, which may have been set well before that particular month.

Apart from the broader market impart, the report could also produce some volatility in Interest-rate sensitive sectors such as financial stocks, highly-leveraged companies and dividend-paying companies such as utilities, REITs and telecoms.

The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performances of stocks that are part of the S&P 500 Index, settled Tuesday’s session up 0.10% at $555.82, according to Benzinga Pro data.

Read Next:

  • Why Hurricane Beryl Hasn’t Triggered Natural Gas Price Hikes So Far

Image via Shutterstock

Continue Reading...

Popular

NATO is deploying eyes in the sky and on the Baltic Sea to protect vital cables. Here's why and how

ABOARD A FRENCH NAVY FLIGHT OVER THE BALTIC SEA (AP) — With , the French Navy surveillance plane scouring zoomed in on a cargo ship plowing the waters below — closer, closer and closer still until the camera operator could make out details on the vessel's front deck and smoke pouring from its chimney.

A food bank netted a huge haul of 13,000 fresh salmon. The catch? The fish were still alive

AUBURN, N.Y. (AP) — A New York food bank was offered a huge donation of fresh fish this month — but it came with a catch.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Dubai's ceaseless boom is putting strains on its residents

DUBAI, United Arab Emirates (AP) — — and some residents are starting to feel burned.

Hawaii wildfire victims spared from testifying after last-minute deal over $4B settlement

HONOLULU (AP) — Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial Wednesday to determine how to split a .

Love or Hate Him -- You Have To See What Elon Could Do Next - Ad

It's not electric vehicles, green energy or space travel that Elon Musk will be remembered for.

A South Florida luxury condo project is planned for site where building collapse killed 98 people

SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where in 2021, killing 98 people.

South Carolina treasurer calls questions of his role in $1.8 billion accounting error a witch hunt

COLUMBIA, S.C. (AP) — South Carolina Treasurer Curtis Loftis said Wednesday that calls for him to resign over that left the state trying to figure out what happened to a $1.8 billion fund amounted to a witch hunt.

Urgent Bitcoin Alert for Right Now - Ad

"Bitcoin Skimming" could help you multiply Bitcoin gains by up to 22x. Former billion-dollar hedge fund manager Larry Benedict reveals his strategy that everyone needs to understand. And the wild thing? You don't even need to buy, sell, or own Bitcoin to do this.

Stock market today: Asian stocks advance ahead of the Fed's rate decision as panic over AI fades

HONG KONG (AP) — Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.

Japanese automaker Nissan says it plans job and production cuts in the U.S.

TOKYO (AP) — Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.

5-Second Trump Clip will Give You Chills - Ad

If you have any money in the markets, take a moment to see this presentation with a 5-second clip of a shocking prediction President Trump made during his victory speech... Because according to legendary investor Louis Navellier, who correctly predicted Trump's win... This prediction is about to become a reality.

Edmunds' hybrid SUV test: 2025 Hyundai Tucson Hybrid vs 2025 Toyota RAV4 Hybrid

Hybrids are hot right now, and you have lots of choices if you’re considering a hybrid SUV. For years, the Toyota RAV4 Hybrid has been the go-to model for hybrid SUV shoppers.

NASA's 2 stuck astronauts take their first spacewalk together

CAPE CANAVERAL, Fla. (AP) — NASA’s took their first spacewalk together Thursday, exiting the International Space Station almost eight months after moving in.

Major Gold Tipping Point Predicted - Ad

Gold has already taken Wall Street by surprise... During Trump's first term, it shot up by 53%. And it has crushed the market nearly 3-to-1 since the start of the 21st century.But that's just a drop in the bucket compared to what one expert expects gold to do next... $22,227 an ounce. Why such a huge jump? Because of the three simple charts shown right here.

Asset allocation when you have enough

I recently chatted with a retired couple who were looking for a second opinion about their portfolio’s . The key question: Is 65% in stocks too high for someone in their situation? Here, I’ll walk through some ideas about how to think through these issues.

MrBeast And Group Of Investors, Including Roblox CEO, Lock In Over $20 Billion For TikTok Takeover

A group of American investors, including YouTube star MrBeast and Roblox CEO David Baszucki, has secured over $20 billion for a potential TikTok takeover, but ByteDance has yet to respond to their bid.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

F5 Sees Big Wins in Multi-Cloud, AI Security, and IT Refresh, Analysts Forecast More Upside

F5 Inc (NASDAQ: FFIV) reported strong Q1 results, beating revenue and EPS estimates. The stock gained as analysts raised price targets and expectations for further growth from IT budgets, data center refresh, and AI demand.

Bank of America's Sensitive Customer Data Compromised in Third-Party Hack - Is Your Account Safe?

Bank of America (NYSE: BAC) has confirmed a data breach involving a third-party software provider that led to the exposure of sensitive customer data.

22X Better Than Bitcoin... Without Crypto - Ad

For every $1,000 made in Bitcoin... you could have made as much as $22,000 with this strategy. legendary former hedge fund manager Larry Benedict calls it "Bitcoin Skimming." And get this... it's CRUSHING Bitcoin's returns. If you want to get in on the ground floor then watch this free interview NOW.

Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon

On Tuesday, Jan. 28, 2025 Cathie Wood-led Ark Invest sold shares of Tesla ahead of its fourth-quarter earnings. Wood purchased Amazon shares on the same day.

Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk's SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3

Apple has partnered with SpaceX and T-Mobile to bring Starlink satellite texting to iPhones, with a limited beta test rolling out via iOS 18.3, marking a major step toward expanding connectivity in remote areas.

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

Meat and greet: Historic London market counting down the years

LONDON (AP) — Norman Gregory is an institution within an institution. He’s been working at the historic Smithfield wholesale meat market in central London since 1961, witnessing first hand the rapid transformation of the capital over the decades.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Trump Slams Fed's 'Terrible Job' On Bank Regulation After Rate Hold, Vows To 'Unleash Lending For All American People'

President Donald Trump criticized the Federal Reserve's handling of inflation and banking regulation on Wednesday, following the central bank's decision to hold interest rates steady at 4.25%-4.5%.

Trains canceled across Bangladesh as rail union goes on strike

DHAKA, Bangladesh (AP) — Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

3 ETFs Shine As Trump's First Week Sparks Record Gains Followed By Tech Slump

The S&P 500 had a strong first week, with ETFs such as SPY, VOO and IVV seeing gains. Were Trump's economic policies a factor?

Ozempic Receives FDA Approval To Treat Kidney Disease

The FDA on Tuesday approves Ozempic, the weight loss drug made by Novo Nordisk, for the treatment of chronic kidney disease in patients who also have type 2 diabetes. 

Unlocking a Polymetallic Discovery Like No Other - Ad

With drill results rivaling the best in the world and a fully funded 2025 program, this polymetallic stock is poised for major growth. Industry icons Robert Friedland and Rob McEwen are already in. Will you be next?

Tesla Stock Rises 5% After-Hours On FSD And New Vehicle Promises Despite Q4 Revenue Miss

Tesla Inc stock rose as much as 5% after hours over the company's promises of launching new and "more affordable" models in the first half of 2025, in addition to other promises regarding the deployment of autonomous vehicles and licensing of the company's full self-driving (FSD) driver assistance software to rivals.

'Mona Lisa' will get its own room under a major renovation of the Louvre

PARIS (AP) — French President Emmanuel Macron announced Tuesday that will get its own dedicated room inside the Louvre museum under a major renovation and expansion of the Paris landmark that will take up to a decade.

Undervalued Robotics Stock Alert - Ad

Why is an AI robotics company with $3.2M in revenue valued at just $50M while competitors with less revenue sit at $448M?

China's factory activity contracts in January for the first time in 4 months

HONG KONG (AP) — Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays.

Europe's economy showed zero growth at end of 2024 as Germany, eurozone's biggest economy, struggled

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday.

What Bill O'Reilly Said Floored Me - Ad

Bill O'Reilly has trusted one expert for investment advice for over 20 years... Alexander Green. Now, Alex is revealing Trump's impact on YOUR Money, like how AI technology could amplify Trump's policies and details on 3 stocks that could rise 20-fold by 2029.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service