<p>CPI tonight comes in cooler and Waller’s hike talk is just Fed credibility management. They’ve done enough. With inflation trending down and growth slowing, the next move is still a cut in Q4. I’m buying the dip in duration and tech into that pivot.</p>

<p>The big week opened rough. Oil spiked as Trump reimposed a Hormuz blockade and floated a 20% transit fee, dragging chips and the Nasdaq lower. Now the real test arrives tonight: US June CPI lands at t...</p>

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