Midweek market thoughts

Rippy rippy time for dippy?

So CPI came in “light” today. Note the quotes. This was after PPI came in “light” yesterday. Again, quotes. Both of those helped release some of the pent up buying that has been away from the market for most of last month, since the fed meeting in December.

The market pushed into the the down trend resistance, briefly broke through it as we entered the…