US stocks rallied ahead of the CPI data

US stocks rallied yesterday

On Monday the US stocks have gone significantly up.

The S&P 500 gained 1.43%, the Dow Jones has gone up by 1.58% and the Nasdaq closed at +1.26%.

Investors are looking ahead to today’s report about inflation.

Data to be released today

Today at 13:30 GMT are going to be released the US CPI (Consumer Price Index) data.

The Index is one of the most important measures to understand the level of inflation that the Fed is trying to fight.

The financial market can be very volatile today because of this.

Fed’s meeting tomorrow

Tomorrow, 14th December 2022, Jerome Powell will announce the next monetary policy move to reduce the high inflation.

FedWatch Tool – FED rates probabilities

72.3% of investors are expecting the FED to increase the interest rates by 0.50% tomorrow.

The remaining 27.7% are expecting a 0.75% rate increase.

The data show us that the number of investors expecting an increase of 0.75% is getting higher than in the previous days.

Portfolio Update

My portfolio allocation remains unchanged at the moment.



Overall, the majority of my positions are bullish (LONG).

I have a few short positions opened recently that I am monitoring and waiting for the right time to close or I could add more shorts if the price reverts to the downside.

Right now I am neutral on the stock market, as the price can go in any direction in the short term.

I am keeping my risk score low and I have some cash available on balance to use for new trades.

If you are already copying my portfolio, please keep the copy open.

If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).

Remember to copy the open trades to optimize the copy.

Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.

Thank you, everyone. Have a nice day!

Steps to follow to copy my portfolio automatically:

1. Create an eToro account here: https://federicamontella.com/go/etoro/

2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)

3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/

4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)

5. Enjoy, it’s all automatic. You will make passive income 24/7

Let me know if you have any questions.

 

Federica Montella

eToro Popular Investor

 

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Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.