Market Braces for CPI Data – Financials and Oil in Focus | September 11, 2024

In the premarket on Wednesday, stock index futures are trading lower as the market awaits key CPI data. Energy inventories are also in focus after crude oil hit a new low. The market was volatile on Tuesday, with large financial stocks like JPMorgan and Goldman Sachs dragging the market down. However, real estate and tech stocks helped the market recover by the close. While the S&P 500's VIX remains stable, the Russell 2000 shows weakness, indicating a risk-off trade in mid and small-cap stocks. Energy stocks continued their downward trend, while gold and silver showed slight gains. Cryptocurrencies, including Bitcoin and Ethereum, were up on Tuesday but down in the premarket on Wednesday. Bank stocks held strong despite the broader market's volatility. Stephen Whiteside TheUpTrend.com Wednesday, September 11, 2024 https://theuptrend.com/morning-market-outlook-09112024/