“I think the overarching message that the market is sending you right now is that the inflation data is not hot enough to really kind of pull the Federal Reserve back.” – 01:23

Michael Reinking, Senior Market Strategist at the NYSE, joins Remy Blaire to discuss the latest developments in the financial markets, focusing on the recent consumer price index (CPI) data and its implications for the economy. 

The pair begin the discussion by examining the CPI figures that have made headlines, noting that while inflation is rising moderately, the reaction from the markets has been mixed. Michael highlights that the consumer goods sector has seen some increases, particularly in appliances, while the services side has come in hotter than expected. This unexpected flip in the data suggests that the inflation figures are not alarming enough to deter the Federal Reserve from its current course, with the upcoming jobs report being a critical factor in determining future monetary policy.

Michael unpacks the implications of the recent downward revisions to nonfarm payrolls and the weaker-than-expected July figures. Michael emphasizes the importance of the Jackson Hole gathering for the Fed, where we can expect continued messaging around a potential rate-cutting cycle as we move into the fall.

The segment wraps up by analyzing key levels to watch in the S&P 500 as the market opens. Michael identifies critical support levels and the proximity to all-time highs, providing listeners with actionable insights for the trading day ahead.

“There’s a lot of expectations going into this core CPI print for the month of July.” – 01:24

Chris Versace, CIO of Tematica Research, joins Remy Blaire to discuss the current state of the U.S. stock market and the looming concerns surrounding inflation as a new trading week kicks off. With Wall Street poised for a higher open, we reflect on the positive momentum from last week, where U.S. stocks, particularly the Nasdaq Composite, reached new heights, and the S&P 500 came close to a record close.

Chris shares his insights on the market’s expectations for a potential rate cut by the Federal Reserve. The pair discuss the recent surge in rate cut expectations, with the CME FedWatch tool indicating the possibility of three cuts by the end of the year, up from the previously anticipated two. Chris emphasizes the importance of the upcoming core Consumer Price Index (CPI) figures for July, suggesting that a higher-than-expected inflation reading could influence the Fed’s decisions moving forward.

As we approach the back-to-school season, Chris unpacks the impact of recent tariffs on consumer behavior and spending. Chris explains how the extended Amazon Prime Day and competitive offerings from retailers like Walmart and Target may have influenced shopping patterns, particularly in the context of rising costs due to tariffs.

“Apple announced $600 billion expenditure in the U.S. So they are giving money in.” – 02:35

Peter Tuchman, Senior Floor Trader at TradeMas, joins Remy Blaire at the New York Stock Exchange to discuss he current state of the U.S. stock market, particularly focusing on the tech sector, which has shown significant movement recently. Peter unpacks the implications of recent developments, including Apple’s impressive 13% surge after announcing a $600 billion investment plan in the U.S. This move is seen as a strategic effort to strengthen ties with the current administration, which has been advocating for more domestic investment from U.S. companies.

Peter shares his insights on the tech sector’s performance, highlighting the ongoing dynamics between major players like NVIDIA, AMD, and Apple. He notes that the market is currently influenced by where investors perceive the quickest return on investment, especially in light of the recent earnings season. 

Lastly, the pair highlight the significance of the upcoming Jackson Hole gathering of Fed officials and bankers, where Peter expects to gain further clarity on monetary policy. Peter concludes that while the current economic indicators may seem concerning, they could set the stage for necessary rate cuts, which could ultimately benefit the market.