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 -0.78% 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 and ETH 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.