CPI Result With the Next Direction of the Market

Overall US CPI moved down to 3.2% YoY in October from 3.7% in September. The consensus estimate was 3.3%.

US Core CPI (ex-Food/Energy) moved down to 4.0% YoY, the lowest core inflation reading since September 2021. The consensus estimate was 4.1%

so the next direction of the market is considered a long-term

Here is the GOLD chart:


Here is the S&P 500 INDEX chart: