Today is a very important day for all markets. In 1 hour and 10 minutes, the PPI data will be released.
Usually, CPI data comes out before PPI, but this week there's a little exception.
This is significant because we usually see the main movement from the CPI data, as it's released first and because CPI correlates with PPI, we typically don’t see much movement when the PPI is released.
But since PPI is coming out first this time, expect the market reaction to be similar to what happens when CPI data is released.
Basically, you've got the gist, there's going to be a storm in an hour. I'm not feeling optimistic and think we might see even 59000 today. But it all depends on the data. We could also shoot up sharply if there are surprises.
Let’s see
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