News Alerts

$TSLA down over 7.5% after an 11 day win streak on news of Robotaxi unveiling delay from August to October -BBG

Today's Economic Indicators Results CPI (MoM): -0.1% vs 0.1% est.🔴 CPI (YoY): 3.0% vs 3.1% est.🔴 Core CPI (MoM): 0.1% vs 0.2% est.🔴 Core CPI (YoY): 3.3% vs 3.4% est.🔴 Initial Jobless Claims: 222k vs 235k est.🟢 Continuing Jobless Claims: 1852k vs 1860k est.🟢

$GS on the cost of AI: "...the cost of utilizing the technology to solve tasks is much higher than existing methods. For example, we’ve found that AI can update historical data in our company models more quickly than doing so manually, but at 6X the cost"

Performance of the phases of the Al trade Phase 1 NVDA Phase 2 Infrastructure Phase 3 Enabled Revenues Phase 4 Productivity Goldman

China suspends its largest facilitator of short-selling in order to preserve market stability

You can see from Options Skew on SPX how little downside hedging there is for CPI tomorrow. Basically the lowest we have seen all year into a CPI print (all the monthly spikes are on day before CPI) and largely lower than last year as well except for the December Santa Claus rally. Craig Shapiro

The US CPI data is scheduled for release on Thursday at 8:30 AM New York time. Here is a comparison of the CPI and the PCE Price Index ahead of the release from ECAN: The current Bloomberg consensus forecast is +3.1% YoY, down from +3.3% a month prior. Michael McDonough

#CPI tomorrow, Implied move for tomorrow of $SPX 0.65% $RUT (IWM) 1.4% Here is how they performed this year 👇 note there is quite an intraday move too.. i.e. $IWM was +3% initial reaction last month... Christian Fromhertz

China's inflation numbers miss expectations to rise 0.2% in June Expectation was 0.4%

US 10-Year Yield: our forecast was that the 10-year yield would end the year at 4.2%. Its currently trading at 4.28% & has averaged 4.29% during the first six months of the year. We expect as the Fed cuts rates later this year the major move down in yields will be at the front end of the curve the spread between the 2 and 10 year yield approaching zero. Easing of a too restrictive policy rate is in the interest of the American real economy Joe Brusuelas