The Consumer Price Index data released this morning showed inflation rose at the slowest annual rate in two years for the month of May, sending futures higher.
The CPI rose just 0.1% for the month, bringing the year-over-year number down ro 4%.
The number was 0.4% excluding food and energy prices, up 5.3% year over year, indicating inflation still isn’t where it needs to be.
Apple also received a downgrade this morning, which isn’t great news for the broad market.
We’ll cover that and more in this morning’s Premarket Must-Watch video!
In today’s all new Must-Watch Premarket video, we’ll cover what to expect from CPI report… whether bonds will rally or fall apart… how to navigate the current bullish run on tech stocks… should you go long Apple or fade it… which sector is the strongest and weakest… what to expect from the Federal Reserve on Wednesday after its FOMC announcement and more!
P.S. Join Me and Chuck for Our Fed Game Plan
I’m going live again at 1 p.m. ET TODAY, June 13, with Chuck Hughes to detail how to best prepare for Wednesday’s big Federal Reserve rate decision.
Just a few weeks ago, it sounded like everyone was celebrating the “last of the rate hikes!”
But now, that’s all up in the air…
Here’s how we see Wall Street gearing up for what could be the final pivotal Fed decision…
It all has to do with this simple philosophy of taking what the market gives you…
Taking base hits instead of always swinging for the fences.
Go Here to Reserve Your Seat for Our Game Plan!
