S&P 500 Faces 0.7% Swing as CPI, Earnings and Fed Testimony Loom
Updated
Updated · Bloomberg · Jul 14
S&P 500 Faces 0.7% Swing as CPI, Earnings and Fed Testimony Loom
2 articles · Updated · Bloomberg · Jul 14
Summary
Citigroup data imply the S&P 500 could move 0.7% either way on Tuesday, a relatively modest expected swing with the index hovering near a record high.
Tuesday’s calendar packs three major catalysts into one session: a closely watched CPI report, the start of earnings season and testimony from Federal Reserve Chair Jerome Powell.
That implied move matches the average for the past 12 CPI days, suggesting options traders remain broadly calm despite the dense event risk.
Middle East tensions are also flaring, adding another potential source of volatility even as equities traders appear largely unperturbed.