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Potentially "hot" April CPI report, testing height Fed pause bar...but so far 2023 is a "game of inches" where bulls gaining. Even global GDP creeping higher.

NEW: Notice new section (below): added so you can see our tactical ideas

Market direction in 2023 feels like a "game of inches" (Al Pacino in Every Given Sunday, see YouTube below). After last Friday's surge post-April payrolls, the equity market has leaked lower over the beginning of the week (flat really). Overall, the bulls have the upper hand as the S&P 500 is up 8%. So while consensus views the macro picture with considerable uncertainty, equity markets have proven to be far more resi...

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