🟨 FED Day & CPI Day - Statistics
FED DAYS
As you can see, Fed days has been over 60% more volatile than non-Fed Day since hikes began.
Still they have not been as volatile as CPI days and that comes on Tuesday (today). The bottom table shows the action on the last 7 CPI release dates.
CPI DAYS
The average true range on CPI days has been 89% larger than the average true range on all other days since 05-Nov-22. July was the only one with faily docile numbers. So we can very well see a sharp market move on Tuesday and again on Wednesday.
CONCLUSION
The market has been highly reactive to inflation and interest rate news the last several months and today and tomorrow we have the two biggest news events back-to-back.
As you can see, Fed days has been over 60% more volatile than non-Fed Day since hikes began.
Still they have not been as volatile as CPI days and that comes on Tuesday (today). The bottom table shows the action on the last 7 CPI release dates.
CPI DAYS
The average true range on CPI days has been 89% larger than the average true range on all other days since 05-Nov-22. July was the only one with faily docile numbers. So we can very well see a sharp market move on Tuesday and again on Wednesday.
CONCLUSION
The market has been highly reactive to inflation and interest rate news the last several months and today and tomorrow we have the two biggest news events back-to-back.
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