Critical inflation data arrives in 2 days. Wednesday at 8:30 am EST, CPI reports will likely dictate the Fed's next move. Core PPI follows Thursday at 8:30 am EST, while Michigan Sentiment arrives Friday at 10:00 am EST. Volatility begins tomorrow, Tuesday, with ADP data at 8:15 am EST. Traders should hedge $SPY and $QQQ; hot inflation could trigger hawkish rate shifts. Monitor the 10-year yield for reactions to Thursday's PPI and jobless claims.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.