Alright folks, the Non-Farm Payrolls report is in the rearview mirror, and let’s be real, it was a bit of a mixed bag. But don’t get stuck staring at the numbers! The real story now? The freaking dollar. Seriously. Its moves will be the compass pointing us towards where this market is headed.
We’re in a situation where a strong dollar usually means trouble for risk assets, and a weakening dollar gives them a boost. Paying close attention to the greenback’s performance is paramount right now. We need to read its signals.
But hold your horses, because we’ve got Consumer Price Index (CPI) data dropping this week. Will it offer a glimmer of hope that inflation is actually cooling down? Or are we gonna be staring down the barrel of another rate hike nightmare?
Let’s dive a little deeper into why this matters. CPI is a critical gauge of inflation, measuring the average change over time in the prices paid by urban consumers for a basket of consumer goods and services.
A lower-than-expected CPI reading could be the catalyst that sends the dollar tumbling and rallies equity markets. Conversely, a hotter-than-expected print? Buckle up, because volatility will be your new best friend.
Finally, don’t fly blind! My V-Assistant team and I are monitoring everything in real-time. Get your daily intel and personalized guidance directly from our team of market pros. Click here to snag a session – your portfolio will thank you! (And seriously, don’t be a stubborn mule, get some help!).
