cool CPI did exactly what $Invesco QQQ Trust (QQQ.US)$ holders needed, 3.5% vs 3.8% expected, biggest monthly drop since 2020, and July hike odds collapsed from 42% to 17%. that's the rate pressure lifting off the whole index in one print. i hold QQQ long term and this is the kind of macro relief that lets the AI names run. still watching PPI today though, one print doesn't end the debate.
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