Daily Wrap – Gold Looks Ready For A Breakout Attempt

There was a negative bias in the stock market through the entire session after probabilities favored 1-day overbought internals yesterday. The downside was relatively limited. I didn’t expect CPI to come in hotter than expected yet, at least not on the commodity-related front anyway. Instead, both headline and Core-CPI were hotter-than-expected. My call for Reflation in…