On the SPOT blog (10/13/2022) [T..]
- Salyl Bhagwat
- Oct 13, 2022
- 2 min read
Splendid finish on the Wall Street today. Markets staged a surprisingly strong come back after dipping as result of dismal CPI data. Inflation still appears to be out of control as CPI came out to be higher than expected. This might resulted in markets starting in deep red but quickly turned around to finish in solid green. We need to how markets to tomorrow to conjecture if markets have already priced in current inflation and interest rate hikes. Banks earnings will also start tomorrow that might present a view on economy. This week is set for an interesting finish.