Futures are slightly higher in advance of Wednesday’s CPI print and Thursday’s PPI print.

In addition to being fearful of higher inflation, traders are perhaps nervous about National Guard troops and US Marines being deployed in the streets of Los Angeles to address another Trump-generated crisis.

continued for members…

ES’ .886 is the next higher target.

VIX and VX are on both on the cusp of a breakdown, which could propel stocks to new highs.Currencies are very quiet this morning…

…as are CL and RB – holding the 10Y above 4.5%.