Thursday 8/14 ... CPI Reaction (part 2)
By:
Matthew Graham
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Ok, so it's not EXACTLY at 99-19, but it's still in the same 2.5 tick range, which, for our purposes is statistically significant. Why? Because in less than a month, we have not gone lower than that range in almost a month. Yesterday marks the 4th day in the last 7 business days where the curve has bounced upward while in that area.
Currently we're at 99-22, which is actually up one tick on the day, suggesting we might squeeze out a winner depending on how stocks react. But that is a big variable.