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Strategies & Market Trends : LastShadow's Position Trading

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To: Jeff Jordan who wrote (19928)8/17/1999 9:09:00 AM
From: LastShadow  Read Replies (4) of 43080
 
08:35 ET Consumer Price Index : July CPI came in as expected, rising 0.3% total, and 0.2% ex-food and energy. Of interest, ex-airfares and tobacco, prices rose just 0.1%. Year to date, core consumer prices were up 1.7% in July, versus 2.4% in 1998, offering further evidence of the benign inflationary environment within the US economy. This report will do little to change expectations for a 25 bp tightening next Tuesday, but the Treasury market is holding up well, with most issues nudging into positive territory, while the 30-year bond is up more than a quarter of a point.
08:32 ET Economic Data : July CPI rose 0.3%, core rate plus 0.2%. Both numbers were in line with consensus views. S&P futures currently trading 5 pts above fair value, suggesting Dow advance of approx. 40 pts at the open.

08:29 ET Market Indication : S&P futures trading 5 1/2 pts above fair value ahead of July CPI report.
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