Inflation data, US eases travel restrictions: What to know this week

$American Airlines (AAL.US)$ $Dow Jones Industrial Average (.DJI.US)$ $JetBlue Airways (JBLU.US)$ Traders this week will receive another batch of economic data focused on inflation, helping to show whether price pressures have continued further during the economic recovery. Separately, some travel restrictions are set to lift for those coming into the U.S. this week, offering a potential boost to a host of travel-related companies.

Wall Street has been closely monitoring the incoming data on inflation during the reopening. Companies have struggled to meet a surge in demand as consumer mobility picked up, leading to shortages and a slew of supply-chain related disruptions, which have in turn contributed to rising prices.

The Bureau of Labor Statistics' Consumer Price Index (CPI) due for release on Wednesday is expected to show that elevated inflation continued into October, with a variety of goods and services for consumers posting ongoing price increases.

Consensus economists expect that the CPI rose 5.8% in October over last year, accelerating from September's 5.4% annual rate to reach the fastest rise since 1990. And on a month-over-month basis, the CPI likely rose 0.5% in October to pick up from September's 0.4% rate.

I sold my RYLD call-write stock on Friday with it being just 11 cents short of its 52 week high. I believe it is a good time to sell because I am betting it will be going down as its history has shown. We will see. The futures are a little down and hoping for a little downturn of 30 cents or more tomorrow before I buy back in. This is better than betting on horses.