"Be Careful" - How To Trade This Morning's CPI Print
Once again, US equity markets have squeezed dramatically higher in the last few days (post-payrolls) ahead of this morning's all-important CPI print...
All of which, as Nomura's Charlie McElligott notes, shows strong evidence of “fear of the right tail” yet again in Equities, due to “trending” expectation of a “dovish CPI” print today (set-up for disappointment on “just in-line”?)