Post #15813

S&P 500 Climbs as Strong Jobs Data Shifts Focus to CPI S&P 500 is pushing higher into the open after holding its recent range. Buyers stepped back in following strong labor data, keeping price supported near recent highs. Momentum remains constructive, but we’re approaching levels where CPI could determine whether this breakout extends or stalls. Robust job growth and a dip in unemployment eased recession concerns, reinforcing the resilience narrative. However, stronger data also reduced immediate rate-cut expectations — markets now see higher odds of the Fed holding steady, though at least one cut is still priced for June. Jobless claims were relatively stable, adding to the “steady economy” theme. Now all eyes shift to CPI. A softer inflation print could reopen the door to easing and fuel further upside. A hotter print risks tightening financial conditions and capping gains. For now, equities are balancing two forces: solid growth (supportive) vs fewer rate cuts (restrictive). - Alan