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Top stories today:
- CPI, core CPI remain above target at 0.3% MoM
- Bitcoin ETFs: Grayscale lead in 1st day trading volume
- Microsoft briefly takes over Apple as #1 company by market cap
- Credit card delinquency jumps to highest since 2012
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. CPI, core CPI remain above target; core CPI above on monthly basis for 5th consecutive month
CPI: 0.3% MoM / 3.4% YoY in December, vs. 0.2% / 3.2% expected, from 0.1% / 3.1%.
Core CPI: 0.3% / 3.9%, vs. 0.3% / 3.8%, from 0.3% / 4.0%.
Vehicle insurance, electricity, and airline fares led monthly inflation
2. Bitcoin ETFs: Grayscale, BlackRock, Fidelity lead in 1st-day trading volume ($5B total)
Bitcoin covered call ETF filed by Grayscale.
Vanguard is blocking trades of Bitcoin ETFs, and wonāt launch an ETF of its own.
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