Market Recap: S&P 500 Winners & Losers & Previewing CPI

The flash rally in meme stocks should be faded, says Kevin Gordon. He and Kathy Jones discuss the market rally ahead of Thursday's CPI print. Kevin notes that the world of higher rates (for longer) pushes back the start date for junky outperformance. Kathy says that expectations for the CPI print should come in flat or even lower, but not to expect the report to alter the way the Fed's messaging. They then go over the S&P 500 winners of today which include Bio Rad Laboratories (BIO), Etsy Inc. (ETSY), and SolarEdge (SEDG), and losers Telefex (TFX), Dexcom (DXCM), and Intuitive Surgical (ISRG). They then preview economic data to look for later in the week including TSM, JPM, and BAC earnings. Tune in to find out more about the stock market today.