Announcement
Super Grannies and Market Update – June 30 Webinar Cancelled

My Earnings Work Continues To Show Deterioration, CPI Puts Water on Dovish Fed Pivot

The market was hit with two body blows today, the first was the hotter than expected CPI Print which came in at 8.6% on expectations of 8.3%. The second blow was the lowest reading for the University of Michigan consumer sentiment index, ever. Yes, you heard that right. Those who took heart at Bostic’s comments that the Fed could pause in September have had their hopes dashed. No doves will be taking flight any time soon and 75 bps is back on the table for next meeting.

My work continues to fla...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In