Heads Up

This Friday the CPI will be released. Few are focusing on this report but it has the potential to throw a wrench into the bulls equation. In the past few months we have seen:

• Rising commodities.
• Rising import prices.
• Rising rents according to REIS.
• Various companies pushing through price increases.

There is the potential for a hot number. I am pretty certain that Helicopter Ben will find a way to rationalize it as he seems hell bent on printing money. But it might cause some debate and make the bulls take a step back. If not for the coming Fed meeting than for the following ones.