Rally Fades Amid Backdrop of Inflation & Volatility Risk

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Today’s hot PPI inflation data was supposed to bring the bears out of hibernation. However, the intraday rally seemingly proved the resilience of the bulls as they kept fighting the Fed. The bullish sentiment faded quickly in the last hour as bearish order was restored. With all of the talk of 0 DTE option volumes, does this present a special risk to the markets that will feed the downside? (CSCO, CVS, NTR, AU, HL)

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