The CPI came in somewhat hotter than expected, so the broader market dipped a bit. But the fact that it didn’t fall sharply suggests the worst of the bad news is over. Even with expectations of a 50-basis-point move in December, the market didn’t drop much, showing that a bottom is clearly in place.

This wave of rebounds in U.S. tech stocks is likely to continue, while crypto has also bottomed out and is recovering. Bullish on this week.