Will March Inflation Data Break Tech Rally's Back? Why Wall Street's 'Dean Of Valuation' And Gene Munster Are Worried, But Paul Krugman And Other Economists Are Not
Portfolio Pulse from Shanthi Rexaline
The upcoming March CPI report is expected to show a slight slowdown in month-over-month inflation but a slight increase year-over-year. Experts like Aswath Damodaran and Gene Munster express concerns over its potential impact on the market and tech stocks, respectively, while Paul Krugman sees the inflation wave as broken. The iShares TIPS Bond ETF (TIP) saw a slight increase in anticipation of the report.
April 10, 2024 | 7:00 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares TIPS Bond ETF (TIP) saw a slight increase, ending up 0.26% at $106.87, ahead of the CPI report.
The slight increase in TIP's price suggests investors are seeking inflation-protected assets ahead of the CPI report, indicating a positive short-term impact due to anticipation of inflation data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80