CPI, FOMC, Rollover + Trading levels for 12.13.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
CPI, FOMC & Rollover!
By John Thorpe, Senior Broker
A Volatile week ahead.. CPI, FOMC, and Thursday, a number of market movers : Take Note: this is Rollover week for the Equities!
The Consumer Price Index release has been a boom or bust for many accounts and there are very few reasons to expect the November reading to create any less price movement in the Equities, Interest rate products,¬†Currencies and Precious metals markets.¬†12/13, tomorrow morning at 7:30 CST sharp this report will be released! Year over Year CPI is expected to be tempered a little and come in @ 7.3% compared to 7.7% last month. Remember expectations are baked into current futures prices. FOMC meets this week and will announce it‚Äôs final fed funds policy move for 2022. The rate decision will be on 12/14 Wednesday at 1 P.M. CDT promptly and the news conference with Fed Chair Jerome Powell at 1:30 P.M. CDT to follow.¬†ROLL to MARCH 2023 equity contracts as today is the first day we are seeing more volume in the March Contracts than in the December ones¬†the symbol for March is H¬†so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.
I recommend the sideline tomorrow morning at 5:30 CDT and at 11:30 CDT on Wednesday for the CPI and FOMC numbers.¬†We/you can‚Äôt determine the strength of the initial move then the capitulation with any certainty at all during these events.¬†As always , plan your trade and trade your plan
A Cannon broker¬†will be able to assist, provide feedback and answer any questions.
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This is not a solicitation of any order to buy or sell, but a current market view provided by¬†Cannon Trading Inc. Any statement of facts¬†here in¬†contained are derived from sources believed to be¬†reliable,¬†but are not guaranteed as to¬†accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own¬†judgement¬†in trading.