US equities remain in minor chop mode, if leaning on the weaker side, as there is a mild case of rats selling ahead of the CPI. WTIC printed $95.41. Copper $3.27
sp’60min
VIX’60min
Summary
Little to add.
Best guess… early Wed’ downside on ‘hot’ CPI, but then reversing upward.
—
notable stock: AMZN
Not a great day for Amazon… with tomorrow… ‘prime day’2.
I’ve not ordered anything today, but then I’m more focused on buying OXY.
–
notable stock: F
A strong bounce.
–
notable strength: GME
The lunatics of Wallstreetbets are having a good day, with sister AMC similarly higher.
–
notable energy: OXY
Set for powerful net declines. If CPI spooks the market, then another 2-3% lower. I wait!
back at the close…