Thoughts on Energy Sector as CPI Looms

It's interesting to see $XOP holding up around 166.4 today, especially with the CPI print looming. We saw a decent range yesterday, 164.355 to 168.75, which suggests some indecision but also underlying support. If CPI comes in hot, you have to wonder if the energy sector gets another bid as an inflation hedge, or if a more aggressive Fed narrative spooks the broader market, dragging everything down. I'm keeping an eye on it, not necessarily looking to add to energy positions right now, but more watching its correlation with inflation expectations as a bellwether for how the market is digesting the data. A cooler CPI might actually see it consolidate or pull back a bit, giving a potential entry point later.