Hawkish realization, finally
S&P 500 did manage with a spike, even on CPI slightly above expectations My 4,187 resistance wasn't though overcome, not even temporarily – the appreciation of Fed having to remain hawkish in its fight especially against services inflation, took its toll. Yet the bears were twice rejected at my 4,128 level, HYG had a hard time closing positive, and market breadth was unconvincing.
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