Midday Update: 2023-12-11

First day of a busy week

Equity indices are moving to March today. I have a slight bias to higher today but expect the market to go into a consolidation in the afternoon to wait for the CPI number tomorrow morning. Short-term targets overhead in the S&P 500 futures at 4675.50 and 4678.75. Maybe 4695.25 if they go for a little squeeze but think that would be more likely tomorrow…