CPI, Jobless Claims & Opendoor (OPEN): What Really Moves It
No, CPI Doesn’t Move Opendoor in a Straight Line It’s tempting to say: CPI runs hot, Opendoor (OPEN) sells off. Clean, simple, and mostly wrong. For an iBuyer, inflation and labor data don’t hit the P&L directly, they filter through mortgage rates, buyer traffic, and the spreads Opendoor sets on each home. There’s a lag. And in Q4 2025, when holiday-season housing already slows, those shocks can look bigger than they are because the base level of transactions is lighter. Here’s the path that actually matters for OPEN: CPI → Fed expectations: Hotter CPI tends to push up rate-cut odds…