Dollar Reversal and S&P 500 Rally Amplify the Focus on Today’s US CPI Release

There is plenty of fundamental trouble under the market’s surface, but you wouldn’t know it from the S&P 500. The benchmark index has advanced four straight sessions – there are no 5-day moves since November – but VIX was also up on the day. With US CPI on tap, will this move and the Dollar’s retreat from two-decade highs find sustainable fuel?