The CPI Reaction

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The big event before us is, of course, the CPI tomorrow, one hour before the opening bell. Back in late 2022 and most of 2023, each CPI was reliably a kick-off point for Yet Another Huge Rally. The most vicious one of all, naturally, was October 13, 2022, a date I will never, ever forget! Each of these red vertical lines marks the day of the CPI report, thanks to SlopeCharts‘ spiffy Event Marker feature.

Lately, the market has been up (obviously………..) but the CPI isn’t necessarily the slam-dunk rally maker it has traditionally been. Let’s just say I’m awfully interested to see that the 2/13/24 CPI holds for us all.