At-a-Glance
Key Takeaways with Craig
Due to travel schedules, today’s In-Focus was written before the close:
CPI numbers were released this morning and were directly in line with expectations at 0.3% MoM and 3.3% YoY, and US stock Indices broadly jumped across the board. The December ES contract moved over 25 points to the upside, and since then has seen some volatility near the highs and lows of the day. Broadly speaking, the US Stock Indices are trading near all time high levels and are looking for a catalyst to extend the gains higher.
Looking at the crypto market, Bitcoin continues to rise after 5 consecutive days of marking a higher high and a higher low. Now trading over the $90,000 mark, traders can look ahead to the critical economic data being released later this week such as Initial Jobless Claims, PPI, and Fed Chair Powell’s comments about the overall strength of the U.S. economy.
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