The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The CEO said Monday that the US is headed for a recession in six to nine months that could wipe away another 20% of the stock market's value.Zoom Video Communications, Inc. Whatever the CPI print on Thursday, investors should be prepared for one thing according to JPMorgan's Jamie Dimon: more volatility.
Further, you could see the bond market begin to remove its 2023 rate hike," Tyler said. "I think anything under 7.8% is enough to trigger a move towards 4,000 as it would likely be interpreted as official inflation measures catching up to some of the higher frequency measures and setting the stage for more dovish surprises. The scenario of a dovish CPI print, combined with upside earnings surprises could get the S&P 500 back on track to test the 4,000 level, representing potential upside of 11%. It would also open the door for a renewed view among investors that a soft landing of the economy is possible. That's because such a slowdown in inflation would bolster the view that the Fed could soon pivot away from its aggressive interest rate hikes as inflation clearly shows signs of decelerating. Specifically, a CPI print below 7.9% would likely generate a 2%-3% rally on Thursday, "though if we see CPI gap down more than 60 basis points the move could be larger," Tyler said. The combination of a high September CPI reading, poor third-quarter earnings results, and an exogenous shock to oil prices could send the S&P 500 to 3,300, representing potential downside of 9% from current levels, according to the note.Ĭonversely, any CPI readings below 8.1% could spark some big gains for the stock market. "The bigger concern here is the bond market repricing to increase the probability of a 75 basis point hike in December," Tyler said. Tyler expects a CPI print of 8.1% to 8.3% in September to also be negative for the stock market, estimating that the S&P 500 would fall about 2% on Thursday in that scenario.
According to Bloomberg, consensus estimates suggest a CPI print of 8.1% on Thursday, which would represent a continued deceleration in price increases from the peak of 9.1% reached in June.
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