Today's CPI report Aug 11th 8:30amET: trading ideas

KCalhoun

KCalhoun

Should be interesting to see if it sparks a rally or selloff..... any thoughts on trading it?

I'm in both inverses and various stocks, will scale into winners.

Reminder as with all reports there's usually a 3-step immediate reaction on release: kneejerk initial 5-10 minute move, reversal, then major move by 9
 
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KCalhoun said:
Should be interesting to see if it sparks a rally or selloff..... any thoughts on trading it?
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I have a feeling it's going to be a sell-off. Even though the consensus is lower than the previous month but there has already been speculation that the July CPI number is going to be high. So we will see how it goes.
 
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