Market Update- Mega Caps Weak; Crude Oil Higher

Most averages (excl. Small Caps) faded the pre-market CPI knee-jerk gains as the cash open rolled around in typical 2026 fashion. S&P futures (1m) – Trade has been choppy since with sectors and style factors shifting mid-morning. December CPI (0.3%) was in line with market expectations, Core CPI (0.2%) slightly better-than-expected. Rate cut probabilities modestly…