Bullish retail sentiment lower in the latest survey
The American Association of Individual Investors (AAII) reported retail investors were a little less bullish this week.
Read MoreMarket thoughts after CPI (from vacation)
Unfortunately our fundamental story remains the same and the recent PPI and CPI data continue to reinforce our view that the Fed is going to continue raising rates in…
Read MoreA no-good, very bad open, but…
Stocks were very weak on the open, and the S&P 500 Index (SPX) gapped lower by 1.6%, its worst gap lower since the CPI report last month.
Read MoreEquity futures and bonds make a U-turn on hotter CPI
For the second straight month, the inflation report was worse than feared, with the headline m/m reading double what was expected.
Read More4 key tactical indicators levels
Here are Wednesday's closing levels for our four key tactical indicators:
Read MoreEarly Thursday look
S&P equity futures are trading above Wednesday's close, amidst European equities turning higher and a negative close in Asia overnight.
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