The bottom line: big retailers confirm or don't confirm inflation is on the horizon. Home Depot, Target, and WalMart report - all ending this week with an important speech from Fed Chairman Powell in Jackson Hole.
This Fed is data driven, and there are 30 more days to get hot inflation reports and job data. If labor stays strong and inflation starts to bite, don't expect a cut in September.
I'm a buyer if all of this causes a market disruption. Position accordingly.