Could it have been any more dull today? I don’t remember when all the indexes were practically “unched” on the day. March CPI data came in cooler-than-expected, which could justify the Fed leaving rates unchanged at the April 26-27 meeting. As a side note, this is the last inflation reading ahead of that meeting.

I continue to feel in the hinterlands of my soul and in my gut, that we are creeping near the point where the rally fizzles.

The SPX closed about a buck above that 2080 level, maybe we can squeeze out a move to 2110-2120? Bottom line… it gets really interesting going forward.

I added MDVN long today.

See you in the morning.

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