Market Indicators You Need to Watch to Spot a Potential Rally Post CPI, Fed

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Stocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, Apple Inc. Read Michael Kramer's latest article on Investing.com

) was primarily responsible for the day’s gain, rising by more than 7% on the day and basically carrying the entire day for the index.) was down 41 bps. So, it was a much different day when moving away from the market cap-heavy S&P 500.Today’s CPI report and the FOMC meeting will offer an implied volatility crush, with the CPI report likely delivering a more brief reaction as IV is rebuilt heading to the 2 PM ET FOMCstarts at 2:35 to 2:40 when Powell finishes the prepared remarks.

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