The CPI will be released today at 8:30 ET. The market is currently expecting .4% increase. The would put inflation at 6.2%. The market is slightly up but be careful buying into the open. There are whispers that the number will be hotter than expected. If it is, expect the FED to continue rate hikes. WE will know before the market it opens. Just buckle up. The roller coaster will continue.
More tomorrow.
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