Stock Market Update October 9, 2023 In the coming week, two pivotal events will unfold that could notably influence market dynamics: the release of the September Consumer Price Index (CPI) report and the Treasury auctions. The CPI report is keenly awaited, as it is forecasted to indicate that inflation continues to hover above the Federal Reserve's comfort zone. Such data could potentially fuel expectations of another rate hike, putting additional pressure on equities and possibly even leading to a market reconfiguration. However, our analysis suggests a different narrative. Contrary to the prevailing market sentiment, our proprietary models indicate that the inflation figures are unlikely to exceed expectations. In fact, it appears that the market is already factoring in this scenario.
Stock Market Update October 9, 2023
SPY ETF Stock Chart October 9, 2023
Stock Market Heat Map October 9, 2023