Analysts at Goldman Sachs believe that softer United States Consumer Price Index (CPI) data is likely to be supportive of a rally in US stocks.
Key quotes
“The cooler the data the better for stocks right now.”
“Pain trade for fast money community would be cyclical outperformance on a hot print.”
“CPI around or below the 5% consensus could spark an equity rally, with the S&P 500 rising at least 0.5%.”
“A surprisingly strong reading would send stocks sharply lower, S&P 500 could drop at least 2% on a reading above 5.9%.”
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