Hinman Emails Could Suggest a Gap in Existing Regs, CPI Continues to Cool
Jun 13, 2023
Equities are continuing their tear on the back of today’s CPI release. The ^SPX and QQQ 1.38% are both trading approximately 80 bps higher. Interestingly, materials and energy are leading the market, suggesting a broadening of the emergent bull market. Crypto continues to track more closely with gold than equities, with BTC 6.94% and ETH 11.38% flat over the last 24 hours. Altcoins received an early bid after the release of the highly anticipated Hinman emails (more on this below) but have since retraced their gains.