Market hypersensitive to inflation data points... but market sees declining forward inflation

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Market likely pivots on 1 of 4 change in trends

To state the obvious (to those watching macro), Wed's April CPI print is going to be important. All markets are hyper-reactive to inflation's trajectory. And given the waterfall decline in stocks since the FOMC meeting, the market most likely to hyper-react are equities.

I am not sure there is a single item that matters, i.e., "core CPI month over month"but given the...

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