It’s All About the CPI Report
Inflation is the No. 1 factor for the Fed right now.
Our View
The ES fell yesterday, but unlike Monday's weak close the ES rallied on yesterday's close.
The PitBull won our “battle” yesterday — re (from Tuesday): “The PitBull told me he's “got a sell signal in the ES and a buy signal on the VIX.” Who’s going to be right?”— but I am not surprised by the weakness at all.
Tech selling has been the flavor the …