Oracle is viewed as a long-term buy at prices of $135 or lower, despite recent earnings beats failing to lift the stock.

Now, this morning we did get CPI data and that's what I mean by that, right? So, we've seen oil rally up all week long until the pullback today. Sure, it hit my key4 104 level and pulled back, but still it was a tremendous move recently in oil and that added inflation issues that really the Fed has to come out and combat now. So obviously we have escalation in the Middle East continuing over the straight of Hormuz. Now the Red Sea, now strikes by the Houthis on Saudi Arabia, oil facilities. All of this adding to the turmoil that adds to inflation. Now let's talk about the CPI report here today. So CPI report coming out this morning basically in line except for one number that was hotter than expected. Yesterday I discussed how if we had an amazingly good acrosstheboard CPI report maybe the Fed wouldn't have to hike. That didn't happen. We got a inline slightly hotter than expected CPI report. You can see right there core CPI coming in hotter than expected at 3% versus the 2% anticipated. Every other number was in line. It's done folks. the Fed is going to have to hike next week no matter what the president says. All right, so that's number one. Now, speaking of which, let's talk a little bit about what the Fed or what the odds are because this is pretty remarkable, folks. The odds of a Fed rate hike next Wednesday sit right now at 86.5% chance. In Fed terms, that's essentially a sure thing. That's as almost as good as the the inside information that some of our politicians trade off of. I mean, that is that good. Now, again, how do we play this? There's not really a major way. But my point still remains is that this is a lock for a raise next week. And there's no major economic data. I mean, the only thing that could maybe sway is if the the price of oil gapped sharply lower by like $20 next week on a deal. Even then, it's likely the Fed will be raising rates. All right. So, we have a scenario here where next week we have a two-day Fed meeting Tuesday and Wednesday. The decisions out at 2:00. Then at 2:30 there'll be a press conference. Those are the main factors that we need to watch next week. We're kind of in this interim period now after Oracle earnings.

The other big player today reporting earnings, Oracle, man, Oracle so beaten up, so far away from its highs like a year ago. 56% down from its recent highs in June down about 40% heading into earnings.