JPMorgan, Goldman Stock Traders Map Out a Plan for Inflation Day
- Traders say hotter print could trigger 2% drop in S&P 500
- But they view any retreat as a temporary blip in a bull market
This article is for subscribers only.
Wall Street traders are rolling out their scenario analysis for how markets could react to the US inflation report today, predicting stocks could move 2% either way on a surprise number.
Both JPMorgan Chase & Co and Goldman Sachs Group Inc. trading desks see stocks falling some 2% if the consumer price index tops 0.4% in March on a monthly basis. However, both banks say they view any hit to the market as temporary.