Context for Today
Markets enter Tuesday's session navigating extraordinary crosscurrents as July CPI data looms at 8:30am ET, with consensus expecting core inflation at 0.2% MoM/2.9% YoY against a backdrop of deteriorating economic fundamentals. S&P 500 futures indicate a tepid +0.18% open at 6,391.50 following Monday's 0.25% decline, while Nasdaq future…
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