$S&P 500(.SPX)$ ‘s Average True Range (ATR) is now greater than the peak of March 2020 Covid crisis. The Average True Range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. It's based on the highest high, lowest low, and previous close.This, this is not good, HOWEVER, this has no ability to prove sustainable. This is how markets force THE END! $E-mini S&P 500 - main 2506(ESmain)$ , $Invesco QQQ(QQQ)$ , $iShares MSCI China A ETF(CNYA)$ $iShares Russell 2000 ETF(IWM)$
CPI Hits New Low! Rate Cut in June? Will Rally Continue Tonight?
In March, the headline CPI rose by 2.4% year-on-year, below the expected 2.6%. This marks a significant decline from the previous figure of 2.8%, hitting a six-month low. Core CPI came in at 2.8%, also lower than the expected 3%. According to the CME FedWatch Tool, the market sees a 63% probability of a rate cut in June. ------------- Will June rate cut expectation push the market higher? How do you view March CPI: a sign of possible recession or good news for rate cut?
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