The CPI number is a surprise and the market is reacting very positively to that, says Scott Bauer of Prosper Trading Academy. If people continue to see rising prices, maybe that will flow into the workspace in the form of wage increase requests, says Scott. A reduction in the Delta variant, a weaker U.S. Dollar (/DX), and a new storm coming causing concerns about oil supply, are all tailwinds to oil (/CL) and natural gas (/NG), explains Scott.
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