KG on CPI: "One Print Does Not Make a Trend"

分组1 - The Consumer Price Index (CPI) showed a headline increase of 2.4%, with a month-on-month rise of 0.2%, indicating a potentially tamed inflation environment [1][3] - Core inflation remains sticky, but there is optimism as food prices at home grew only by 0.2% month-over-month, down from 0.7% the previous month [3][4] - Energy commodities dropped by 3.3% month-over-month, contributing to the overall deceleration in inflation [4][5] 分组2 - Transportation services saw an increase of 1.4%, continuing an upward trend over the last few months, which raises some concerns [6] - The market is experiencing elevated volatility, with liquidity issues noted, making intraday trading challenging [7] - The S&P and NASDAQ have faced three sessions of losses, with notable corrections in major tech stocks, particularly the MAG 7 [8] 分组3 - The AI narrative is impacting various sectors, including commercial real estate, as concerns grow about job displacement due to AI [9][10] - Financial stocks are under pressure, trading below the 200-day moving average, indicating ongoing selling pressure [11] - Software stocks are showing some resilience, with an increase of over 1% in the IGV index [12] 分组4 - Aluminum prices on the LME have dropped significantly due to discussions about potentially scaling back tariffs, which could impact industrial companies [15][16] - There is a shortage of aluminum affecting major manufacturers, leading to debates about restricting exports of aluminum cans to ensure supply [18][19] - Copper prices are experiencing volatility, with a buildup in inventory and a potential technical breakdown in the coming weeks [21][22]