Trading Insights

S&P 500 (US500)

Inflation Cools, but Tariff Pass-Through Risks Remain

The S&P 500 is holding a cautiously bullish tone after July CPI came in softer at 2.7% YoY, below expectations but still above early-year levels. Goldman Sachs estimates U.S. corporations are absorbing 64% of tariffs—though the burden could eventually pass to consumers. PPI data tomorrow will offer further clarity on input costs. In the short term, a September rate cut could fuel asset price inflation.
Key Levels: Support at 6,364.1 | Resistance at 6,484.3
Investor Takeaway: Softer CPI supports risk assets for now, but tariff dynamics and fiscal policy keep inflation risks alive.