The key economic data is the US CPI for August will be released tomorrow night.

Economists surveyed by Bloomberg expected headline CPI to rise 8.1% over the prior year in August, a moderation from 8.5% increase seen in July, and falling by 0.1% month-on-month. The core CPI increase by 6.1% year-on-year in August, higher than 5.9% in July and 0.3% month-on-month.

However, investors expected that the Fed would raise interest rates by 75bp in September. Because the 8.1% inflation rate is still much higher than the 2% inflation target emphasized by Fed. Fed officials have been very hawkish in the past week. Traders are pricing in a 90% chance of a 75 b p rate hike at the September meeting, up from 57% a week earlier, according to CME Group's Fedwatch Tool.

Wall Street looks unscrupulous. There is no panic without uncertainty. VIX fellback into the low volatility range.

I was very satisfied with the two event-driven events I did last week, Sell Put before Apple's press conference and Sell Put after NVDA plummeted.