Stay Long - Hot CPI Not An Issue - Asset Managers Will Buy This Dip

One Option Trading Blog http://ift.tt/2EI02Jc Posted 9:30 AM ET - Yesterday the market tested the 100-day moving average and it bounced. Stocks closed on the high the day and buyers are engaged. This morning the CPI came in a little hot and we will test the 100-day moving average again. The price action today will help us gauge the strength of the bid. Prices rose .5% and that is a little hotter than the .4% that was expected. Core inflation rose .3% and .2% was expected. The Fed has stated that they will not accelerate tightening just because their 2% target was hit. Fear of higher …