Trading Charts with Tim Knight

CPI Stability Boosts U.S. Equities Briefly

| Nov 13, 2024
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    Trading Charts with Tim Knight

    CPI Stability Boosts U.S. Equities Briefly

    Nov 13, 2024
    The discussion highlights a mixed market environment following the CPI report of 2.6%, with signs of inflation stability sparking temporary market enthusiasm. U.S. equities reached high prices driven by political optimism, while emerging markets show decline, notably Mexico and Brazil. Notable stock moves include Cava's volatile post-earnings drop, Warby Parker's breakout, and AMD’s potential trendline break amid layoffs. Bitcoin is nearing $100,000, contrasting with declining precious metals' struggles. The VIX remains low, suggesting potential aggressive bearish positioning.

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