A.M. Update

This morning's Hot Core Consumer Prices has changed everything and has put most of our recently positions at or near solid gains. We'll have to decide what to do with them pretty quickly.

Core CPI rose 0.3% MoM in April - the most since March 2006; and 1.8% YoY - the most since Jan 2013. The biggest driver of the surge in consumer prices is medical care costs - which rose 0.7% - the biggest increase since January 2007 

This may have been reflected in those odd $USD positive divergences yesterday on the 3 and 5 min charts.

As a result the $USD tore higher, I got my wish with treasuries coming down and stocks as well, the one thing I didn't like so soon was oil and gold also coming down before new positions could be opened today, but again we'll see just how much of this sticks on the open.

All movements in all assets above reflect a hawkish tone toward a rate hike sooner than later as hotter inflation or at least moving in the right direction is what the F_E_D wants to see before hiking rates, they just got it!