The market is watching CPI closely after a stronger-than-expected Nonfarm Payrolls report. With the U.S. labor market showing resilience and inflation still above the Federal Reserve’s 2% target, the pressure on the Fed to keep a hawkish stance is increasing.
My view: I’m leaning bearish for risk assets in the short term if CPI comes in hotter than expected. A stronger CPI reading could increase expectations for a 25-basis-point Fed rate hike, supporting the U.S. dollar and putting pressure on stocks and other risk assets.
However, if CPI comes in cooler—especially core CPI—the market could quickly turn bullish as rate-hike expectations fade.
$INTC has been showing strong momentum after its recent pullback. The stock is now trading around $95–96, and a clean break above the $100 area could open the door for another move higher. 📈
Intel’s latest earnings were encouraging, with Q2 revenue up 25% YoY, while AI and data-center demand remain important growth drivers.
My view: $100 is the key level to watch. If bulls can hold above it, the next upside targets could come into focus.