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Thoughts on the latest CPI numbers and potential Fed pivot
Watching the market's reaction to the latest CPI print, it feels like the expectation of a quick Fed pivot is getting a bit ahead of itself. While the headline number cooled slightly, core inflation remains sticky, and the labor market is still relatively tight. I'm keeping a close eye on upcoming jobless claims and the next NFP report.
For my watchlist, this means I'm still favoring companies with strong balance sheets and pricing power, rather than speculating heavily on interest-rate sensitive sectors just yet. $ROSE at 11.66 is a good example of a name I'm tracking for potential stability, even with today's minor dip, given its underlying fundamentals.
2 comments · 4 points
Agree, the market's pricing in a pivot seems premature. Core inflation is the real indicator, and it's not moving much. Expecting continued hawkishness for a bit longer.