The Fed Is Now Trapped With The CPI Data

Bank failures reveal a flaw in "financial conditions indices" which only measure spreads, not levels, says Michael Green. He talks about how stocks rally after today's CPI data. He discusses how the Fed is now somewhat trapped as they've convinced the market to rely on lagging CPI data. He notes that record levels of stock buybacks despite 1% tax and weak CFO confidence in the economy is an odd outlier. He then examines trends in buybacks. He also goes over if there is a Fed pause or pivot on the horizon. Tune in to find out more about the stock market today.