As If By Magic ..
The market spent the first three days of last week just shifting about in a bumpy, lethargic, generally downward-trending trading pattern, simply waiting it out for the main event in the form of the Consumer Price Index (CPI) inflation number release due on Thursday morning. There was certainly no sign that the buyers from the week before were looking to capitalize on their brief success and take any kind of control.
Even when the starter course arrived on Wednesday in the form of a slightly hotter-than-expected measure of wholesale inflation, the Producer Price Index (PPI), there was little…
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