Hawks and surprises
S&P 500 didn't like CPI coming in line with expectations, and it was indeed "buy the rumor sell the news" reaction, followed by cutting into 4,010 on confirming bond and dollar price action. No fresh fuel though making for a larger reaction.
So, make sure you're signed up for the free newsletter and that you have my Twitter profile open with notifications on so as not to miss a thing, and to benefit from extra intraday calls.Given the banking earnings aftermath, the key"point of control" at 3,955 has to hold so as to prevent levels mentioned in the opening part of today's analysis.
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