Thoughts on the CPI print and its NASDAQ implications
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Saw the CPI print this morning; $CPI is sitting around 25.6047, pretty much flat for the day. While it's not a massive mover, it does keep the narrative around rate stability in play for now. My main takeaway is that the 'higher for longer' camp probably isn't getting much new ammunition today, which for the tech names on the NASDAQ could be a quiet positive.
I'm not expecting any dramatic shifts, but I'm still keeping a close eye on the growth sectors. If the market continues to interpret these muted inflation reads as supportive for rates, then some of those higher-beta tech stocks could see continued interest. Not diving in blind, but definitely watching volume and price action on the dips. Still feel like there's some good hunting to be done there, just gotta be selective.