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This morning’s hot PPI report is putting pressure on the markets while the chance of a rate hike goes higher. With only a few days to go until that rate announcement, I think it’s worth sitting out of any long term trades and sticking to day trades until we have a clear direction on the market.
Next week’s rate announcement is going to move SPX one way or the other, and SPX is exactly where John Carter does his best work. His SPX Advantage webinar replay is up right now, so go watch it before Wednesday gets here.