No news, no data and no Powell, equated to another market pop today. Based on the past week of predictions from various strategists, the only thing we do know is that the market will move violently, depending on where CPI comes in. Most resources put very small probability on a hotter CPI (above 6.6%), thus high expectations for a downside surprise (CPI fixings market has been flawless over the past year and expects a -0.13% m/m SA headline print).
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