There's not a lot going on today as most of the headline excitement is pegged for tomorrow with the latest CPI and an appearance by Chief Goon Powell. Of course that didn't stop the usual algos from smashing price shortly after the NYSE open in what has become a rather predictable, daily pattern.
We might as well start there. Again, some days these down drafts occur right at the 8:30 CT NYSE open, some days they come in within a few minutes of the open. However, this has become such a regular occurrence as of late that you can almost set your watch by it. Here's just today's...
