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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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To: Lou Weed who wrote (82)12/10/2021 10:00:55 AM
From: rimshot1 Recommendation

Recommended By
Lou Weed

   of 1309
 
CPI data is out this a.m.:

* SPY hod in premarket so far this a.m. is 470.20 following the release

+0.8% on headline, slightly hotter than expected
+6.8% YOY on headline CPI, in line with expectations
+0.5% on core, in line with expectations
+4.9% YOY on core, in line with expectations ( Core excludes food & energy )

* U.S. inflation hit the highest rate since 1982 last month.

Consumer prices rose, driven by supply chain woes, demand and housing costs.

highest since 1982 chart -

pbs.twimg.com

contributors -

pbs.twimg.com

10-yr and 2-yr Treasury yield drop 2 basis points as Nov. CPI comes in roughly in-line at 6.8% YOY (6.7% est.).

" Market has adjusted as Fed has become more hawkish, so 6% headline not the negative it could have been."

Avg Hrly earnings -1.9% from -.13%
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