DXY already given up all of yesterday’s post-PPI gains If Retail Sales comes in marginally lower than consensus I think yesterday’s print is entirely forgotten about and both DXY and 2-year yields move to fresh weekly lows but risk stays bid At or marginally above consensus is still Goldilocks Just don’t wanna see a super negative print and stoke the stagflation fears post-PPI and don’t think it’s likely we see a massive beat given CARTS data Would be nice to see upside surprises in manufacturing data but who knows