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CPI numbers came out soft sparking a major rally and then the whole rally from when CPI came out was reversed. The S&P is in the middle of 2 key levels and yes there’s a chance we could hit the upper and lower level this week. FOMC event is tomorrow with all ears focused on what Powell says and any clues for 2023 policy. Make sure you’re comfortable with your risk because the volatility ride has just begun.
