July CPI and Weekly Jobless Claims

From the looks of it, Headline CPI came in slightly better (lower) than forecast, but slightly hotter than June.

What really stands out (in a relative sense) is the uptick in Jobless Claims, which implies a weakening jobs market...

So far, ES initially popped higher from 4508.50 to 4525, but has reversed down again 4508/10, as the two-way circle-jerk trading pattern continues...

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