Markets Brace for Volatility as Critical CPI Report Looms, Tech Slump Creates Bargains
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Markets are awaiting the latest CPI report and bracing for a potential 1% move in either direction based on the data.
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Tech stocks like NVDA have dragged the market lower recently as the sector loses momentum. However, this creates opportunities in undervalued names.
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Debate continues around whether the Fed will cut rates. The market is priced for cuts, but evidence of economic slowdown remains limited.
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Several mega-cap tech names like AAPL and MSFT have come off their highs, presenting opportunities for long-term investors.
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Headline CPI is expected to rise while core is forecast to decline slightly. Stronger inflation could halt gold's rise and hurt stocks/rates in the near term.