Hey Traders,
The non-farm payrolls were released today
In the past this was by far the most important day on an economic calendar.
It is not anymore.
Now … markets are driven by the Federal Reserve.
And that’s why the Fed has passed non-farms in importance.
But believe it or not, not even the Fed is moving markets as much as the top economic announcement.
Consumer Price Index (CPI) is now THE most important economic data point/
In this chart I have dropped a green line on all the CPI data points in 2022
You will notice that at each point the market either continues a move only harder…or completely turns around.
For the most part it hase led to sell offs … but it has also sparked huge rallies..
So what is the point?
Non-farms might start a one day move …
But if you want a trend, trade off CPI
If the market rallies there will be several days to profit. If the market falls, ditto.
And guess what? The next CPI number is out next week.
Your timing couldn’t be better.
Your Only Option,
Mark Sebastian
Founder & CEO
Option Pit