• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing How to play the market after the U.S. monthly inflation data?
Investing

How to play the market after the U.S. monthly inflation data?

by January 12, 2023
by January 12, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

S&P 500 is slightly down this morning after the U.S. Bureau of Labour Statistics said consumer prices rose in line with expectations last month.

Expert reacts to the CPI print

On a year-over-year basis, the consumer prices index was up 6.5% in December. A 0.1% decline for the month also matched expectations. Reacting to the CPI print on CNBC’s “Squawk Box”, Bespoke’s Paul Hickey said:

Surprisingly, we see more things working in the market’s favour. That’s something from the market’s perspective that keeps us slightly positive here.

Core inflation (excluding food and energy) was up 0.3% for the month and 5.7% versus a year ago – both in line with the economists’ forecast.

The benchmark index failed to break above a key resistance around the 4,000 level on Thursday.

Time to put the money to work?

Cost of services excluding shelter – an inflation measure that the Fed Chair Jerome Powell recently dubbed “most important”, though, went up 0.4% in December.

Nonetheless, Hickey sees now as a suitable time for investors to look for opportunities in the equities market.

From a long-term perspective, I think you want to be looking and putting money to work [especially] if you get a weak day.

The monthly inflation data also saw Patrick Harker (President of the Federal Reserve Bank of Philadelphia) dub 25 basis points hike “appropriate” moving forward. Last week, a Piper Sandler analyst warned that the S&P 500 could crash to 3,225 level this year as Invezz reported here.

The post How to play the market after the U.S. monthly inflation data? appeared first on Invezz.

You Might Also Like
  • Oak Street Health stock just rallied 30%: explained here
  • Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain
  • MicroStrategy increases Bitcoin holdings by 2,500 BTC
  • Starbucks stock lacks a meaningful upside from here: Jefferies
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Chatbots Killed the Academic Star
next post
Tesla is now the top luxury car brand in the U.S.: buy Tesla stock?

You may also like

Musk says he won’t sell Tesla shares for two years:...

December 25, 2022

Bernstein analyst reacts to TSMC boosting investment in the U.S.

December 6, 2022

Starbucks stock lacks a meaningful upside from here: Jefferies

December 21, 2022

3Commas admits to API keys leak after anon reveals database

December 29, 2022

4 takeaways after the last Federal Reserve rate hike

December 15, 2022

Fairlead’s Katie Stockton expects new market lows in 2023

January 3, 2023

Disney+ ad-supported tier may not be a big hit: here’s...

December 8, 2022

Bruce Kovner’s 4 trading principles that made him one of...

November 29, 2022

Lululemon stock sinks following lowered outlook: buy the dip?

January 9, 2023

25+ stock market statistics 2022

November 25, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,874 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Top 4 US banks reporting quarterly...

    January 9, 2023

    Covered Calls Options Strategy Guide

    May 30, 2023

    VIDEO: Sports and investing – how...

    January 11, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here