Editor's note: Tuesday's market rally was fueled by a better than expected PPI report. Investors interpreted the data to mean that the Fed might be done for the year since the Fed's last statement said they were data dependent. The market's internals and the breadth and dept of the rally today suggested this could be a pivotal change in the market's trend. We strongly considered adding new plays to the newsletter tonight but tomorrow's CPI report could undo any gains today if the CPI data is too strong. We're choosing to wait and see if the CPI affirms today's data in the PPI and if stocks see any follow through on today's move. The CPI will be released tomorrow at 8:30 in the morning Eastern time.
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