Daily Wrap – CPI Sparks Strong Move in Small Caps. Can They Follow Through?

Total CPI increased 0.2% month-over-month, as expected, while core CPI, which excludes food and energy, rose 0.3%, also as expected. The readings left CPI up 2.7% year-over-year, unchanged from June, and core CPI up 3.1% year-over-year versus 2.9% in June. While there were some component indices such as “goods”, showing budding signs of tariff-related inflation……