The ceasefire gave the stock market the “move past the war” catalyst it had spent the prior week preparing for. The next hurdle will be the wave of bank earnings this week. A big monthly jump of 0.9% in CPI inflation didn’t phase stocks, bonds, or expectations for Fed rate cuts in 2026, because markets were expecting 1.0%. However, the U. Michigan 1-year inflation expectations jumped to 4.8% vs. expectations of 4.2%. After dropping more
This content is for Premium subscribers only. Please register or click here to login.