Don’s Notebook February 14, 2018


U.S. consumer price data — the most anticipated inflation reading in recent memory — posted at 8:30 a.m. Eastern Time.
Headline CPI rose 0.5% in January, compared with a forecast of 0.4%. Core CPI stood at 0.3%, versus a 0.2% consensus estimate.

The release comes after the recent global plunge in stocks and bonds, which was said to be driven in part by fears that rising prices would spur the Federal Reserve to hike rates faster, potentially sending valuations in equity and credit markets back down to Earth.

The U.S. dollar rallied higher after stronger January consumer price inflation data on Wednesday. Equity markets opened lower but have rebounded somewhat at this time.

Watch the VIX today. VIX options are set to expire (the Cboe Volatility Index tends to have bigger swings on days its contracts mature, with intraday moves of 13 percent in recent months.)

Earnings Announcements and Shareholder’s Meetings today include:

  • Agilent Technologies
  • Applied Materials
  • Barrick Gold
  • Cisco Systems
  • Franklin Resources