Most major indices are in the green, except for the Dow Jones, after CPI met expectations. Gold and Oil are also rising.

Bitcoin (BTC) rebounded and is trying to hold above $100,000.

Seven out of eleven sectors are in the green. Technology (XLK) is marginally in the lead and is being led higher by Broadcom (AVGO), after news the company is working on a AI chip with Apple (AAPL). In addition, Broadcom (AVGO) is expected to report earnings tomorrow after the close.

Health Care (XLV) is by a wide margin the largest laggard of the day. The sector is led lower by United Health Group (UNH) after a Senate sponsored bill proposed forcing health insurers and pharmacy benefit managers (PBMS) to divest their pharmacy businesses.

Interestingly, the Fear & Greed Index is still stuck on Neutral even with the major indices continuing its push toward record high.

Notably, market breadth is mainly positive, with the exception of up and down volume on the NYSE, contributing to the broad buying activity.

Markets are loving the latest bond auction. The 10-year bond auction just drew the highest bid-to-cover since June 2016. Bond investors are not too worried, it seems, about the US debt.