If CPI came in with an 8 handle or core was flat/higher MoM, we would be about 2% down this morning. Nothing was guaranteed, but if it gives you an erection thinking that you knew what would happen weeks ago, then that's totally fine
My first real indication that CPI could come in lower than est was the data that came out of China earlier this week. China being such a huge player in trade/manufacturing can be a great indicator for the rest of the world.
Im still holding China/HK longs so id love to see a follow-through POP in their markets to close out the week. Fingers crossed!
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