PPI meets mideast
|S&P 500 pushed higher as per weekend premium predictions, and then the warning about Iran disrupted the bulls. Weak risk-on gave way to fast selling and then cautious trading range. And today we have PPI, which I‘m not looking to dramatically move markets one way or another, but have an opinion on what the figure will do to rate cutting prospects, ES, NDX and IWM (premium).
Here is VIX to illustrate the cautious entry to today.
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