Investors are bullish ahead of CPI data
- 14 February 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Wall Street rallied on Monday
Yesterday was a positive day for the US stock market.
All three big indexes closed in profit.
The S&P 500 closed at +1.14%, the Nasdaq ended the trading session at +1.48% and the Dow Jones closed at +1.11%.
The positive movement has been driven by the fact that most traders and investors believe that inflation will continue to slow down and the Fed will ease its restrictive monetary policy.
The investors’ sentiment is bullish as indicated in the graph below:
Sentiment indicator – Fear & Greed Index
The market sentiment is at 71 in the “Greed” mode.
Today’s CPI data
The Labor Department will release January’s consumer-price index report, today at 1.30 pm GMT.
This data is very important because it measures what consumers pay for goods and services.
Today’s CPI data will show us if and how much inflation is slowing down.
The Consumer price index in the US, for January, is forecasted to be at 6.2%, down from 6.4% the previous month.
It is worth mentioning that even if the inflation will show a decline in January, it is still very high and far away from the 2% Federal Reserve target.
Today the financial market will be volatile.
Portfolio Update
I am monitoring the short positions on stocks and ETFs and will act accordingly.
This will allow my portfolio to make a profit if the market drops.
The fundamentals remain bearish, so I am neutral and cautious at the moment, based on the current FED monetary policy.
However, I aim to profit regardless of the market direction.
If you are already copying my portfolio, please keep the copy open.
If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).
Remember to copy the open trades to optimize the copy.
Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.
Thank you, everyone. Have a nice day!
Steps to follow to copy my portfolio automatically:
1. Create an eToro account here: https://federicamontella.com/go/etoro/
2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)
3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/
4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)
5. Enjoy, it’s all automatic. You will make passive income 24/7
Let me know if you have any questions.
Federica Montella
eToro Popular Investor
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