So friends, let's take a guess today, how will the CPI in the US turn out? 😁

A report we are all waiting for and will be watching closely to see what it does to the market. I've noted a few musings on the net since this morning. The first, and the one I fear more coming true, is an increase in CPI from 3% where we have it now to 3.2-3.3%. On the other hand, this is said to be the slowest increase in consumer prices since March 2021.

What I find very surprising and amusing is the opinion of investment strategist Tom Lee of Fundstrat that after last weeks short-term sell-off in the stock market due to poor seasonality in the month of August, combined with a combination of sell signals, today's CPI result could start a decent rally in the market. As the results should reinforce the idea of the Fed ending the rate hike cycle.

How do you see it? 😊