CPI came in at 0.4% MoM, in line with street forecasts and our expectation. Yesterday, we highlighted 3 reasons we expect the S&P 500 to close higher today:
1. $SPX fell after PPI. Markets rarely react to the same bad news twice.
2. $SPX has closed higher every 9/11 since 2012.
3. After 4 straight down days since 2023, Day 5 was positive 75% of the time.
Subscribe to Premium for our data backed market insights and stock picks.