The latest BLS report shows a 0.3% rise in headline inflation and a 0.2% increase in core inflation, slightly lower than expected. Goods prices, impacted by tariffs, are on the rise. However, service sector prices, which make up 80% of CPI, remain stable. Fed speeches this week will shed light on CPI forecasts. Earnings season kicks off with major banks reporting, beating estimates but with a weak outlook. Buybacks surge, supporting market rise but entering a blackout period. Oil rig counts are dropping, but productivity per rig is increasing, offsetting production losses. Market sentiment is extremely bullish, leading to potential risk in the near term.

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