The higher than expected CPI headline data released on last Tuesday September 13, 2022 squashed all hopes and dreams for the bulls.  Now the persistent high inflation headline data will support the Fed to hike rates aggressively in the near term.  The 10-year treasury yield is approaching a very important level at 3.50%.  If the 10-year treasury yield breaks above the 3.5% ceiling, stocks and bonds will fall further at the same time.

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