The CPI print was good, softer than expected, heading in the right direction. Losing a tenth off inflation is a positive step. Combined with other positive economic factors, it puts tailwind into the economy and market.

I'm pretty bullish. Bullish on the economy for sure. The market has more geopolitical risk than I'd like, which takes away from my full comfort.

Positive momentum from lower dollar, consumer purchasing power, AI spending, and lower oil prices (with a fine line between lower and too low).

Very bullish on the economy, moderately bullish on the market. The market has done a lot of the work and has much more geopolitical risk.

Markets don't like volatility, bad news, or unexpected news. Geopolitical events in Iran, Middle East, Venezuela, Ukraine are forces the market is tolerating for now but could become problematic.