The CPI is up 1.2%, largest in 25 years. But outside of Food and Energy, core inflation only up 0.1%, lower than the expected .2% increase. Core inflation is one of the key measure of the Feds looks at thus the stock future is up. Energy future is also down this morning; this will definitely help the market as well.

But be cautious, the market may simply just be rebounding from the recent sell off. The technical trend is just not looking good and I still think there are not enough fear build up yet for the October rally.

This entry was posted on Friday, October 14th, 2005 at 9:23 am and is filed under Opening Bell, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.