Market Commentary for Thursday, September 11, 2025, by Peter Cook
We got the CPI data and it was hot. But it wasn't as hot as the market would have though and the headline year over year numbers matched consensus. Food prices were hot, coming in at 3.2% year over year compared to 2.9% last month. That's not going to make people happy.
The jobs data was awful. Jobless Claims are inflecting upward meaningfully.
All this continues to reinforce the same narratives that the Fed is cutting. As long as we don't go into a recession then it's bullish for stocks. Not going into a recession will be very difficult in this circumstance though.
Today the tape is good but remember we like to go test that 8:30 AM EST level when we see these larger economic data releases.
I'm going to press longs again, just like I did yesterday. If we get down to the 0DTE Implied Lows again like we did yesterday, it is still going to be a spot to try to buy it for a rally just like yesterday afternoon.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
Sign-up link: https://www.hamzeianalytics.com/HAPDTS_NQ_details.asp
This email went out to Members at 0959 ET on Sept 11th.
