US EditionTraders wait for data, prepares for fallout
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Traders wait for data, prepares for fallout
The S&P 500 is grinding against 6,000 and can’t break through. The index has surged 20% since April but is now stalled just 2.3% below its all-time high. Traders are holding their breath ahead of the consumer price index (CPI) data due Wednesday and the Federal Reserve’s interest rate decision set for June 18. According to Asym 500, this double-whammy is all anyone is watching right now. The calm has been unnatural. For seven straight sessions l…
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