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Intraday highs could not be held but an impressive closing none-the-less. Strong but quiet session with VIX closing around 11.9 and US bonds trading in the tightest range they have seen in a while.
Tuesday could see some fun and games however as we see the US CPI number released. Expectations are for a 0.9% print (previous number was 1%). Also tomorrow, we see Housing Starts and Building Permits – so we may well see some excitement tomorrow afternoon.
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