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Home » ​Hunt For ‘Red October’ Over As Earnings & Inflation Kill ‘Goldilocks’ Narrative – Tyler Durden

​Hunt For ‘Red October’ Over As Earnings & Inflation Kill ‘Goldilocks’ Narrative – Tyler Durden

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​Hunt For ‘Red October’ Over As Earnings & Inflation Kill ‘Goldilocks’ Narrative – Tyler Durden

Hunt For ‘Red October’ Over As Earnings & Inflation Kill ‘Goldilocks’ Narrative The market drifted lower on a combination of 1) disappointing tech prints (MSFT -6% & META -4%), 2) Poor liquidity (according to Goldman Sachs trading desk), and 3) Core PCE posting its biggest monthly gain since April. Not exactly ‘goldilocks’!! Inflation surprises are picking up post rate-cut… Source: Bloomberg …bolstering the case for a slower pace of rate cuts… Source: Bloomberg Goldman’s trading desk noted that market volumes continue to be strong, +14% vs the 20dma, although S&P top of book poor compared to the start of the…  — Continue at ZeroHedge News : Read More