(Reuters) - Wall Street jumped at the open, with the S&P 500 and the Nasdaq touching fresh record highs on Wednesday after benign consumer prices data reassured investors inflation was cooling, boosting hopes for rate cuts from the Federal Reserve later this year. $SPX #CPI pic.twitter.com/5esTQkJhn5

JPMORGAN desk: ".. Clients are worried about missing upside, not downside. .. My clients are trimming safety and adding to momentum longs.” @business $SPX www.bloomberg.com/news/articles/2024-06-12/jpmorgan-clients-are-piling-into-us-stocks-ahead-of-fed-cpi?sref=QEebQnRf

Relative to S&P 500, regional bank industry has been struggling again … ratio getting close to retesting last year’s lows [Past performance is no guarantee of future results] pic.twitter.com/IZzRmVjBq2

Not a perfect relationship throughout history, but in this cycle, small caps have underperformed relative to large caps (orange) as small business sentiment (blue) has plunged [Past performance is no guarantee of future results] pic.twitter.com/ujspXJPGOT