Image Source: Pexels

I know what you’re thinking, and no, we’re not out of the woods. We’re still under the influence of volatility, so consider any rally a rip-your-face-off rally until proven otherwise. The risk/reward picture still favors downside - heavy downside.

Now, I can hear you saying, “But Doooon - what about CPI today?” Well, you’d think we’d have had just such a rally - there was actually a 52-point expected move - but the most anticipated data dump in weeks turned out to be a bit of a dud.

Look, markets love to watch the birdie - they fixate on one thing, then another, and another. Inflation was the shiny object for months - years, even - but now everyone can see it’s coming down. Slowly but surely, it’s coming down.

Now traders are looking to live or die on a different flavor of data - I’ll show you how and why in a second.

Video Length: 00:10:37

More By This Author:

The Right Sectors Are Leading Now, But…
Stagflation Lurks Ahead Of This Week’s Data Release
The Japanese Yen Was The Canary In The Coal Mine - As I Warned