Back At Last...

Took a pretty long weekend break myself this Presidents' Day weekend and I hope you guys enjoyed yourselves as well.

Coming back to the market this week, I see the heavyweight CPI number coming up on Wednesday (see economic calendar), which is something that will definitely affect the Fed's decision whether to cut rates again or not. The CPI numbers are expected to be higher due to the rate cuts so far, so the question really is whether the Fed finds it acceptable or not. On the technical front, a visit to the January lows still look strong in the cards. Let's see how the week unwinds.