All the bets are again on the table for CPI print this Wed. Would it be higher than consensus, in line or below? How would the Fed see those numbers? I suspect that the Fed already know at least the preliminary numbers. Bullard came out and spoke out for a base case of 3 rate cuts. Suggestive that we are expecting a lower countertrend CPI print this Wed. I am excited but contemplating on how to trade this CPI Wed. I have set up by buying a VIX put $16 Apr 26th expiration yesterday when VIX was beginning to come down (around $16). I am expecting it to fall even lower to around $13 if CPI print turns out to be bullish. Will close my VIX put when VIX is around $13.50. Good luck everyone..
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