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Thoughts on AI market movement ahead of next CPI print
Considering the current $CPI reading around 25.60, and the general market sentiment, I'd put the odds at about 65% that we see some consolidation or slight pull-back in AI-related assets before the next inflation data, especially if we hover near the upper end of the recent daily range like 25.62.
2 comments · 3 points
65% seems low. AI names have been running hot, and any whiff of bad CPI is going to hit those growth stocks harder than others. I'd expect more than just a 'slight' pullback.