HSBC says US stocks are moving past the pull back in April:
- dip in risk assets is increasingly in the rear-view mirror
- many major equity indices are re-approaching year-to-date highs
- broad-based gains once again resemble a Goldilocks-style rally
On Wednesday's upcoming CPI report the analysts say that
- the bar for ever more hawkish surprises is getting higher
- in-line expectations could be another catalyst for risk assets to move higher
---
The focus on Wednesday's data is intense:
