Hot, but not too much

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It looks like it’s “rotation” Tuesday again as US stocks paint a mixed picture – Nasdaq and stay-at-home stocks are in the green while the Dow is suffering. This is all down to two news stories, the first being the US CPI data which jumped as forecast but wasn’t at the highest end of estimates. Energy costs rose over 13% y/y but at first glance, the market is fairly sanguine and appears to be looking through the figures as transitory. Many economists are not too sure and see rising prices closer to 4% in the not-too-distant future. That means the rate hike priced in at the… Read More:

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