Traded Value$Sandisk(SNDK.US)The May CPI result of 4.2 was a non-event today. US stocks, as expected, love to play that old trick of dropping a trading day in advance. This can be understood as expectation management: first assume it won't be good, so it drops in advance. Then, when the real data comes out, if it's good, it surges and pulls back up; if it's bad, there's a way to save face. So, will there be a new story?
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
