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US core CPI accelerated to a four-decade high 6.6.percent clip this past session; nevertheless, the S&P 500 turned a large bearish gap into a day’s rally on the biggest range since March 2020

United statesKwasi kwartengJohn kicklighterFederal reserveWells fargoUniversity of michiganEarnings talking pointsMarket perspectiveGold bearish belowOrange sinceDay rangeCore consumer inflationSeasonal expectationsJapanese ministryConsecutive candle countKey event risk ahead including