I love the illustration for my latest @WSJopinion. But maybe read the article too. I argue the Fed has played a big role in inflation coming down but the last mile could be harder so it should be patient about easing off. pic.twitter.com/89SG3AFIHo

“.. Optimism over a resilient economy, improving earnings .. ebbing inflation and artificial-intelligence fervor ..” @business $SPX 🇺🇸 www.bloomberg.com/news/articles/2024-06-16/asian-stocks-set-to-fall-as-global-sentiment-sours-markets-wrap pic.twitter.com/uqEnGNGRvh

JPM DESK: “.. While we had thought the market was setting up for a pullback based upon the price action during earnings season, narrowing breadth, reduced HF positioning, and the potential for markets to take some profits given the almost 32% gain in the $SPX since this bull run… pic.twitter.com/NNa0WmzpgL

As core CPI (blue) has continued to roll over, longer-term inflation expectations (orange) per ⁦@UMich⁩ have stayed in higher range relative to average before pandemic pic.twitter.com/gGGFODOZ1a