Market participants expect that after the release of CPI data, the broader market may decline. $E-mini Nasdaq 100 - main 2309(NQmain)$ If the CPI data is better than expected, there is an increased probability of interest rate hikes, which could lead to a drop in the US stock market. On the other hand, if the CPI falls short of expectations, it indicates a weaker economy, and the US stock market could still experience a decline. In summary, the US stock market has limited upside potential and significant downside potential. However, there is a possibility that the market may experience a temporary upward movement, luring in more buyers (bullish sentiment)The consensus for July CPI is 3.3%, higher than the June CPI of 3%.data from Trading econo