Big dump
Big dump towards to the end of the trading hours. Someone always know something?
Whichever the case, it is too late for retail investors to react already. We can only sit and wait for the CPI number to be released before the market opens.
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费北敬 : Big moo today
71263830 : Do you mean the CPI won't be good?
razo2 71263830: pretty hard to say since oil had gone up just in trade alone. Cleveland Fed CPI data says it has gone up.
Cow Moo-neyOP 71263830: I don't know haha there are no crystal balls
TeslaSmurf : If the final result is a decrease of 1-2 dollars, but still comfortably positive (+1.24%), it’s no big deal… Anyway, we’ll see tomorrow
razo2 : just a fun fact to know. everytime oil goes up by USD 10, CPI goes up by 0.2%. Oil contributes to 7.5% of overall inflation.
71263830 razo2: However, the current rise in oil was at the beginning of April, and will it also be included in the March CPI?
Seraphicall 71263830: Data lagging behind…
razo2 71263830: you need to understand oil increase in stock is also advanced compared to oil increase in the pump. we in the oil industry do not close reservoir pumps like a water pipe. we cannot instantly close the valve and pumps as it will deliver an impulse shock to the reservoir.
未来888 费北敬: Is it still the moon today