MarketWatch: “What stock-market investors will be watching in Thursday’s U.S. inflation report”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
... "The S&P 500 SPX, -0.33% is down 24.6% year to date through Wednesday, according to Dow Jones Market Data. Most of the single days that are responsible for the decline occurred on or around CPI reports or Fed-related events, said Nicholas Colas, co-founder of DataTrek Research, in a note on Monday. Two of the S&P 500’s nine largest down days this year have come on days when CPI data was released, he noted.
Without those nine down days, the S&P 500 would have been up 8.6% year-to-date through the end of last week, Colas wrote"....
Full article here on MarketWatch.