Stocks opened slightly higher after CPI came in right on expectations, giving markets their first read on consumer prices since the Iran conflict began.
Headline inflation ticked up to 3.3% YoY (from 2.4%), and core rose to 2.6% YoY, but the “in‑line” print helped keep risk appetite intact. Trrose, while crude eased and the dollar remained dollar stayed on track for a weekly loss.
With news flow slowing into the weekend, traders seem to be shifting into a wait‑and‑see stance ahead of Saturday’s ceasefire talks in Pakistan.
**Curious how others are positioning:**
* Does an in‑line CPI print change anything for near‑term risk exposure?
* Are you treating the geopolitical backdrop as noise or a real macro input?
* How are you thinking about yields grinding higher into Q2?