December 13, 2022

Markets:

Stock futures rose Tuesday as Wall Street braced for November’s key inflation report and the beginning of the Federal Reserve December policy meeting.

Investors are looking ahead to the release of November’s consumer price index report, and hoping for signs of easing inflation. Economists surveyed by Dow Jones expect a 0.3% increase on a monthly basis or an annual pace of 7.3%. That would be a step down from October’s 0.4% monthly increase and annual gain of 7.7%.

Tuesday’s inflation report could play a key role in the Federal Reserve’s next rate-hiking decision expected at the conclusion of its two-day policy meeting on Wednesday.

European markets were cautious on Tuesday as global investors await the latest U.S. inflation data and hope to see signs that inflationary pressures are easing.

The German consumer price index (CPI) rose by 10% year-on-year in November, shrinking by 0.5% from the previous month, in line with forecasts.

On an EU-harmonized basis, annual inflation was 11.3% while there was no monthly change.

Portfolio:

We enter the new trading session and a highly anticipated one holding positions in ASAN, CCL, and RUN. Patiently waiting and watching really strong price action thus far. Least expected type of action for the markets – a theme we mentioned to look for to end the year. Today and tomorrow will be crucial for this theory and how we respond shortly thereafter in the sessions to come. That's all that matters, ease the overall noise and watch the trends, especially the s&p trend lines we continue to pinpoint for you. Opportunity will be massive in the months to come should this play out as we expect. Be ready today and let's have a great session.