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JP Morgan are forecasting lower than expected US CPI data on Thursday, & stocks higher
JP Morgan (pic via a Bloomberg - gated - report) outlines their expected range, and attaches probabilities, for US CPU for December:
JPM on why they expect the S&P500 will gain:
- investors are largely defensively positioned ... any evidence that the Federal Reserve’s inflation-fighting campaign is working will spark a rush to unwind bearish positions
- “This should aid the nascent bear rally, but we remain cautious as long as the Fed remains active with its tightening cy... Read More
Posted: Jan 11 2023, 04:20
Author Name: forexlive
Views: 102791