Traders Brace For Inflation Data, June Rate Cut Hopes Hang By Thread: 10 ETFs That Could Be Volatile Wednesday
Portfolio Pulse from Piero Cingari
Investors are awaiting March inflation data from the Bureau of Labor Statistics, with expectations of a rise in the CPI inflation rate to 3.4% from 3.2%, and a slight decrease in core inflation from 3.8% to 3.7%. Wells Fargo predicts higher rates, while Bank of America expects more subdued inflation, potentially influencing the Fed's rate cut decision in June. February's CPI data caused volatility in ETFs, with some surging and others falling in response.
April 09, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
U.S. Global Jets ETF fell 2.2% following February's CPI data, indicating potential sensitivity to the upcoming inflation report.
JETS' previous decline in response to CPI data suggests it may be negatively impacted by the forthcoming inflation report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iShares 20+ Year Treasury Bond ETF decreased by 0.8% after the last inflation data, potentially facing downward pressure.
Given TLT's past reaction, it may experience downward movement in response to the upcoming inflation report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Roundhill Magnificent Seven ETF increased by 3.1% after the last inflation report, potentially facing similar movements.
MAGS' previous performance suggests it could again react positively to the inflation data release.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VanEck Semiconductor ETF surged 3.2% after February's CPI data, indicating sensitivity to inflation reports.
Given its past reaction to CPI data, SMH may experience volatility following the upcoming inflation report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80