Listen "Inflation Eases, Tech Soars"
Episode Synopsis
Fresh news and strategies for traders. SPY Trader episode #1462.
The market staged a powerful latesession reversal, driven primarily by the November CPI report showing core inflation easing to 2.6%, fueling hopes for future Fed rate cuts. This dovish outlook spurred a narrow, riskon rally concentrated in Technology, led by strong earnings from Micron, though companyspecific risks were evident as Nike projected a sales decline.
The market staged a powerful latesession reversal, driven primarily by the November CPI report showing core inflation easing to 2.6%, fueling hopes for future Fed rate cuts. This dovish outlook spurred a narrow, riskon rally concentrated in Technology, led by strong earnings from Micron, though companyspecific risks were evident as Nike projected a sales decline.
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