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Goldman Sachs US CPI data scenarios for the S&P500

Started by forex4you, Dec 13, 2022, 08:43 am

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Goldman Sachs US CPI data scenarios for the S&P500

<p>JP Morgan with the bait-type headline:</p><ul><li><a href="https://www.forexlive.com/news/jp-morgan-say-a-us-cpi-print-at-or-below-69-yy-could-see-sp500-jump-up-to-10-20221212/" rel="follow" target="_self" class="article-link">JP Morgan say a US CPI print at or below 6.9% y/y could see S&P500 jump up to 10%</a></li></ul><p>(ps that link has details of the timing and expectations for the CPI data)</p><p>Goldman Sachs are a little more restrained, they see gains for the S&P of above 3% if the US CPI comes in under 7%.</p><p>More:</p><ul><li>a reading 7 to 7.3% would see 2 to 3% added to the S&P500</li><li>from 7.4 to 7.7 sees the S&P drop 1 to 2%</li><li>above 7.7% sees losses of more than 3%</li></ul><p>Goldman Sachs are wary of a big bounce for the S&P citing a lessening of the extreme bearish position that existed during the fall. This has meaningfully unwound in the past month. According to the analyst:</p><ul><li>"I don't register this to make a bearish claim -- again, the current measure is flat -- it's more to say this magnitude of demand is very unlikely to sustain itself come Q1"</li></ul><p>eur</p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Goldman Sachs US CPI data scenarios for the S&P500

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