High-impact CPI data drops in 2 days on Wednesday at 8:30 am EST, followed by a massive Friday featuring Core PCE and GDP at 8:30 am EST. Michigan Sentiment also hits Friday at 10:00 am EST, while ADP arrives tomorrow, Tuesday, at 8:15 am EST. Bowman speaks Wednesday and Thursday. Traders should hedge $SPY ahead of these 8:30 am releases. Hot inflation will likely bolster hawkish Fed sentiment as markets weigh rate path uncertainty.
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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.