How Markets Might React To The October 2024 Inflation Report

Oct. 06, 2024 8:33 AM ETS&P 500 Index (SP500), DJI, NDXNKE, ADDYY, DECK, MCD, SBUX, CMG, CB, ALL, PRU, CEG, VST, STLA, KMX, CVNA, VVV, AN, COPX, AR, XOM, EQT4 Comments
(8min)

Summary

  • The upcoming CPI report is unlikely to significantly move stock markets, given the strong job market and moderating inflation rates yet the data offers readers plenty of stock picks.
  • Apparel inflation is rising, with Nike underperforming due to mismanagement, while Lululemon and Deckers Outdoor showing resilience.
  • Food prices are up, with companies like McDonald's and Starbucks maintaining consumer traffic through superior customer service.
  • Motor vehicle insurance costs are soaring, driven by high repair costs for advanced and electric vehicles, benefiting stocks like Chubb and Allstate.
  • I do much more than just articles at DIY Value Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
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On Thursday, Oct. 10, 2024, the Bureau of Labor Statistics will publish the Consumer Price Index. After a strong September 2024 job report and Personal Consumption Expenditure in August slipping to 2.2%, stock markets may not react to the CPI

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This article was written by

Chris Lau profile picture
33.97K Followers

Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics.

Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.

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