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April CPI (next week) could increase market expectation of Fed cuts back to 2-2.5 (from 1.8). S&P 500 +1.7% week to date, a reminder "never short a dull market"

VIDEO: We discuss how next week's April CPI could increase market expectations for more Fed cuts.

Please click below to view our Macro Minute (duration: 4:53).

The S&P 500 is up ~2% so far this week, very impressive considering it has been a very light week on macro data and Fed speak and also given the "poor" reaction of equities to 1Q24 earnings. There is an adage "never short a dull market" and this week's nearly 2% gain is a reminder of ...

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