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Thursday morning (Oct 13) is the CPI report. Will we get a high number that’s “sticky”? Or will we get a lower than expected number?
Is this where the Federal Reserve Board “pivots”? Could they change directions from fighting inflation (tightening) to providing stimulus (easing) again?
We do have lower lows on most markets. So, it’s normal to expect a bounce to lower highs. This would still remain in our bearish trend.
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Check out the video: https://squiggletrader.com/wp-content/uploads/2022/10/Markets-Update-CPI-Watch-10112022.mp4
Cheers!
Bo – Chief Squiggler
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