Members Podcast – Market expects good CPI
Not the best list of headlines today but the market doesn’t care, and that’s a bit of a theme – see below. Some of the headlines: US corporate earnings season unlikely to fuel fresh gains in the stock market. S&P 500 braces for profit warnings. Rate fears accelerate. Fed’s QT program to kick in in coming months. Eurozone sentiment weakens for a fifth consecutive month. Deflationary spiral risk in China. This comes after the Chinese CPI number of 0% yesterday and PPI numbers showing the biggest decline since 2015. It is a reflection of the weak Chinese economy which doesn’t…