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A holiday-shortened trading week arrives with more on it than the thin calendar suggests.
Inflation data will drive the action, while Apple's new chief executive faces his first significant test with investors, a combination that concentrates risk into fewer sessions than markets would normally have to sort it out.
The case for treating the inflation data as the primary event is that it lands in compressed time. A holiday-shortened week means fewer trading sessions to absorb a print, whatever direction it comes in.
Markets that would normally spend multiple days finding equilibrium after a release have less runway here.
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