You should understand the golden triangle of investments ie: stocks, bonds and the dollar for imlications. The dollar was weak heading into CPI and still looking weak. You dont like to get involved here now do you. Bonds up discounting towards CPI, you like to buy now? Not sure but in case they keep doing this its also great news for yields to drop more and the dollar to stay weak(good for earnings as well hai). This is main reason stocks can hold their lofty valuations for now
