$SNDK CPI data will be released at 8:30 tonight. It should be negative, but the bad news has already been priced in. Once the bad news is out, that itself becomes good news, so SanDisk will rally tonight. The CPI news won't matter much.
I've been adjusting my mindset lately and haven't been opening many positions.
These aren't the actual results. I checked: the previous reading and forecast shown in the image are consistent with the official report.
The market expects 0.2%. For SanDisk, you can interpret it this way:
• ≤0.1%: Somewhat positive. Inflation would be notably below expectations, potentially easing concerns about rate hikes, bringing Treasury yields down and boosting tech stocks.
• 0.2%: Somewhat neutral. In line with expectations, it could ease concerns, but wouldn't be a significant new positive.
• 0.3%: Somewhat negative. Although the same as last month, it would be above this time's forecast and could weigh on tech stocks.
• ≥0.4%: More clearly negative. Core inflation would be heating up again, potentially heightening concerns about further rate hikes.
I've been adjusting my mindset lately and haven't been opening many positions.
These aren't the actual results. I checked: the previous reading and forecast shown in the image are consistent with the official report.
The market expects 0.2%. For SanDisk, you can interpret it this way:
• ≤0.1%: Somewhat positive. Inflation would be notably below expectations, potentially easing concerns about rate hikes, bringing Treasury yields down and boosting tech stocks.
• 0.2%: Somewhat neutral. In line with expectations, it could ease concerns, but wouldn't be a significant new positive.
• 0.3%: Somewhat negative. Although the same as last month, it would be above this time's forecast and could weigh on tech stocks.
• ≥0.4%: More clearly negative. Core inflation would be heating up again, potentially heightening concerns about further rate hikes.