Goldman Sachs warns of potential S&P 500 drop if March CPI exceeds 6%
TL;DR Summary
Goldman Sachs partner John Flood warns that the US stock market's calm may end with the release of Wednesday's consumer price index report. Flood predicts that the S&P 500 will drop by at least 2% if the year-over-year inflation rate exceeds the previous reading of 6%. However, if CPI meets or falls below the consensus estimate of 5.1%, stocks are likely to rise.
- If CPI Tops 6% in March, S&P Could Drop 2%, Goldman Says Bloomberg
- S&P 500 closes little changed Tuesday as traders await March inflation report: Live updates CNBC
- Wall Street has found something else to worry about CNN
- Goldman Sachs US CPI preview - wary of a scenario where S&P 500 will collapse at least 2% ForexLive
- The Inflation Wave May Be Cresting. What’s Next for Fed Rates. Barron's
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