Monday proved to be another setup day with muted activity and volumes, not not SuperBowl related, but with a fresh, and clutch, CPI print on the horizon for tomorrow, little incentive to add additional risk. The path of least resistance led us higher on the margin today, but think it is fair to call it rangebound trading currently. Our charts team citing this the fancy way: S&P has had seven 1% swings in the last 5 days, including two 2% swings, but we’re back to where we were 5 days ago and e…
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