Sep 15, 8:00 AM +05:00
VOT Research Desk
Technical Analytics
The market reacted sharply and negatively to the US CPI announcement on Tuesday. For benchmarks like the S&P 500 and Nasdaq 100, the risk aversion we were led to registered the largest single-day losses in more than two years.
It is simple to see how this rapid turn could lead to a cascading decline in sentiment.
The inflation indicator has confirmed the continuation of rapid price growth, supporting the Fed’s aggressive and continuous tightening regime and escalating concerns about a potential recession, which the Fed has stated it is prepared to endure in order to bring prices under control.
There are some interesting systemic event risks to note throughout the upcoming and last 48 hours of trading this week, but nothing on the calendar scales to the level of potentially reversing systemic trends.
