VIDEO: Macro Minute: On eve of Jan CPI, bonds have been discounting a "hot" CPI print, and stocks to an extent.  Margin debt still far lower than Nov 2021 peak

VIDEO: We do not have a good sense whether the Jan Core CPI will be better or worse than consensus +0.30%, but we also think the bond market has been bracing for a hot number.  We think stocks can still drift higher near term because of dry powder and also terrible sentiment.

Please click below to view our Macro Minute (duration: 02:57).

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