S&P 500: stuck in neutral.

In this post, I’ll focus on setups that I’m monitoring for both long and short positions. With a chart and short write-up, this is a quick way to scan and plan potential trades. <h1>Stock Market Update</h1> The latest report on consumer price inflation had something for bulls and bears alike. Coming in at 3.7% in August compared to last year, the Consumer Price Index (CPI) rose more than economists expected largely due to a big jump in gas prices. That also marks the second straight month that CPI’s yearly gain has ticked higher. But core CPI was up 4.3%, continuing a trend of moderating increases over the past year. If you take the core CPI over the past three months and annualize the figure, it comes in at just 2.4% (see the chart below from The Wall Street Journal). In the wake of the updated inflation figures, market implied odds suggest a 97% chance that the Federal Reserve holds interest rates steady at their meeting next week. <a href="https://wire.insiderfinance.io/s-p-500-stuck-in-neutral-4d1d9cff05be">Website</a>