CPI and Euopean GDP

Both numbers come out in the morning.A real soft number out of Europe should rally our dollar against the Euro which could take some of the steam out of today’s commodity rally.We would also need a non inflationary CPI number here. Tomorrow cold be a real rip as there are many possibilities and many moving parts. No matter the outcome, I see further pain for the financials. Watch the shippers, big reversal today, curious to see if they were one day wonders. Today was the first uptick in about 26 days on the Baltic Dry Shipping Index. Big whoop, let’s see what they do tomorrow.

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