2022 bear market 164 days = 25% of preceding bull. Median bear (since 1942) = 21% = Odds bottom in high = Buy the dip regime intact

The July CPI report is released today (8/10) at 8:30am ET and while we do not know if this report will be hotter than consensus, there will be some things to watch in this "hard" inflation report:

headline CPI will fall below "core CPI" driven by falling gasoline headline CPI of +0.27% (per Cleveland Fed nowcast) is lowest reading in all of 2022leading indicators of inflation, such as gasoline, travel-data, commodities, suggest "hard" data is way above real-time inflationJuly gasoline likely...

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