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Day Ahead: Top 3 Things to Watch for May 12

1.CPI Expected to Fall

The market will get the latest numbers on retail inflation tomorrw.

2. Lots of Fed Speak Scheduled

There are a host of Federal Reserve board members speaking tomorrow.

3. API Inventories on Tap

Oil prices settled lower today as concerns about new cases of Covid-19 globally canceled out the bullishness of Saudi Arabia cutting its output by an extra 1 million barrels per day.