Markets remain in a sideways trading pattern (since mid-December) but closed today towards the top end of that range. All-time closing high of 4796 on the S&P 500 is getting closer however, and perhaps a market friendly CPI tomorrow will finally push indexes through. Economic news today was light, so traders kept their focus on inflation data with an important datapoint due pre-open Thursday. Estimates are for a slight sequential increase (for both monthly and y/y) reflecting that the path towa…
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