Thursday 8/14 ... CPI Reaction (part 2)

By: Matthew Graham

 

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.