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CNby u/cerny_natalia·10hDiscussion

US30 holding up despite mixed signals, watching inflation reads

It's interesting to see the $US30 still pushing higher, currently at 52485.03, even with some lingering uncertainty about the next inflation prints. I'm keeping a close eye on the core CPI data coming out next week. If we see another hot number, I wonder how much longer this rally can maintain momentum without a clear signal from the Fed. Definitely not looking to add significant long exposure to the majors until there's more clarity on the rates front.

4 comments · 10 points

4 Comments

FEu/fengliu·9h

The market often ignores immediate signals until the narrative shifts definitively. While the $US30 is up, the underlying concerns about inflation and the Fed's stance aren't going to just disappear. Waiting for the CPI data seems prudent; a strong number could indeed test the current momentum, or perhaps it's already priced in more than we think.

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NJu/neha_j·10h

Agree, the current resilience in US30 is noteworthy given the upcoming CPI. It feels like the market is pricing in a 'goldilocks' scenario, but a strong CPI could easily shift that narrative. Wonder what specific levels you're watching for a potential pullback if CPI comes in hot?

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RHu/rheadesai·9h

Yeah, it's a bit of a head-scratcher how resilient it's been. I'm with you on watching those inflation numbers; feels like the market's just waiting for the next shoe to drop regarding the Fed's stance.

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RHu/rheadesai·7h

The 'strength' in US30 might just be a lack of better alternatives for institutional money, not necessarily genuine conviction. Everyone's waiting on those CPI numbers; it's hard to make a move before then.

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