On the SPOT blog (08/12/2022) [B..]
Updated: Aug 30, 2022
Another "confident" green finish for the day and the week as optimism seems to have grown on Wall Street about the state of US economy. Today's data about import prices dropping and improving consumer sentiment about inflation might have provided tail wind to the indices. There might also be a sentiment that inflation is past its peak (albeit, we might need to see sustained lower CPI numbers to conclude that) and that indices might have established a bottom.
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