The inflation data cooling is key for the bond market, and therefore, the stock market. Our main concern has been centered around energy costs (also money printing), which has been moderating. On a month-versus-month basis, oil prices have declined about -6% and year-over-year down about -13% at the end of October. The expectations on a month-to-month basis is for only .10% increase for both CPI and PPI to be reported this week.