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Thoughts on the latest CPI print and market reaction
That higher-than-expected CPI number definitely solidified the 'higher for longer' narrative, impacting growth plays and risk assets like $ADA. I'm keeping a close eye on how this translates to next week's Fed commentary, especially concerning potential rate hikes, which could further pressure tech names like $NFLX given its recent dip to 73.37.
2 comments · 13 points
Agree, the CPI print wasn't great. Do you think the market has fully priced in 'higher for longer' now, or is there more downside ahead, especially for riskier assets?