CPI Report Inflates Stock Prices

Coming in lower than expected, the CPI report sends stocks soaring.

Inflation has been the story of the summer. Have we finally seen the peak? CPI came in at 8.5%, better than the 8.7% estimated. The stock market rallied off the news gaining back all the loses from the previous sessions. The Nasdaq is up big in the beginning of the trading day up over 2.25%.

Cryptocurrencies saw some upward momentum this morning as well. Bitcoin has jumped back to the $24,000 level and Ethereum over $1800. Ethereum is up over $1000 from it's low in the 800's just two months ago.

The stock and crypto market have had a great performance over the past few weeks. Many investors hoping that the worst is behind us, but anything can happen. Tensions between Taiwan and China could always escalate throwing the market into the toilet.

Investors must always keep an eye out for opportunities and threats in the market. What is the biggest threat and opportunity in the economy today?