From Seekingalpha · David H. Lerner · · 40s
CPI PPI Data Could End October Roughly
October's CPI and PPI data may trigger market volatility as earnings season approaches.
In brief
October's CPI and PPI data may trigger market volatility as earnings season approaches. Upcoming CPI and PPI data could cause market turbulence in October amid rising interest rates and Q3 earnings growth. Originally reported by Seekingalpha.
Market Valuations Shift
The S&P 500's P/E ratio has sharply contracted from 30x to 19x due to rising interest rates.
Upcoming Data Catalysts
Persistent high rates and volatility may pressure valuations further with CPI and PPI data as key short-term market catalysts.
Tactical Market Approach
Analyst David H. Lerner remains hedged and tactically cautious, expecting a volatile week but seeing resilience in growth stocks if rates stabilize.
The bottom line
Upcoming CPI and PPI data could cause market turbulence in October amid rising interest rates and Q3 earnings growth.
