That really spooked investors last month and this week they'll be looking for earlier numbers, like the PPI, to see if there isn't anything they can glean on what to expect from the next CPI report.
Possibly we could see a little bit of profit taking because investors had been anticipating that when the Fed does meet next week that they won't raise interest rates,
If the Fed lowers rates next week, the questions become 'How much further can they go?,' 'Is it effective?,' and 'Can the Fed really turn things around?,'
Both are involved in a sort of a turnaround situation with the economically sensitive group and I think at least, over the next couple of months, they'll do well,