A.M. Update

S&P futures are up +0.75% after favorable CPI data. Headline CPI rose just 0.2% MoM (below the 0.3% MoM expected) which dragged the headline down to +3.0% YoY (cooler than expected) which is the lowest since March 2021, and the 12th straight month of YoY declines in headline CPI – equaling the longest streak of…