Markets Nearly Flat Ahead of FOMC Despite Hot CPI Release

FS Insight Team

“No man ever steps in the same river twice, for it's not the same river and he's not the same man.” ~ Heraclitus

Good evening,

This week, we saw the last two inflation-data releases before the next meeting of the Federal Open Market Committee (FOMC) on Wednesday, March 20. Both came in hot, yet equity markets stayed nearly flat. Our current rally has continued for 20 weeks, but in the view of Fundstrat Head of Research Tom Lee, “While this rally is certainly mature (compared to the 16-19 wee...

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