Another month has come and gone since the last CPI, and this one is shaping up to be a doozie. The market rallied today but really went apeshit to the upside the last 10 minutes or so of trading.
We have exposure on that definitely leans bullish, as the market is just looking for a reason to rip the S&P 500, SPY over 570.
Of course we don’t have any certainties what will happen, but neither does anyone, and if they do they are either lying or already have the data in hand (no names mentioned).
Anyway, we will do really well if the broader indexes are up 1-2% tomorrow, and do ok if they are down 1-2% as well.
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