CPI was better than expected on on overall numbers and came in line with core expectations of .2%.
As I have been verbalising for some time now ...that slowing in housing is putting a damper on inflationary spending....which is putting a brake on optimistic pricing in retail of all sorts.
Overnight markets were generally LOWER ..Shanghai , Hang seng were down..due to CPI jitters.
Markets will try to get back in groove today.
AMAT down 11 centsl in pre-market.... Goldman wants investors to take profit....because of 2 day runup.........I beg to DISAGREE.....AMAT is going higher...most analyst have $25 target ...and expecting good things from AMAT near & long term.
WMT profit were better,HD worse,MPEL were worse & JASO were better but the stock is down in pre-market.
Good luck to all in diversified trading.Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
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