Good morning…
I’ll be live in 15 minutes for Market Masters…
JPMorgan just beat on trading revenue.
CPI drops at 8:30.
And this number isn't just economic data anymore - it's political ammunition in the Powell fight.
Here's what changed overnight:
The first clean inflation read since the government shutdown is about to hit. Markets expect 2.7% year-over-year. But with the DOJ investigation into Powell, a hot number gives the Fed cover to stay hawkish. A soft number intensifies pressure for cuts.
JPM's numbers look solid, but banks are dealing with Trump's 10% credit card rate cap proposal on top of Powell uncertainty. That's a double headwind getting priced in right now.
Silver hit $85 yesterday. Gold's near $4,600.
When hard assets surge while banks report and inflation numbers become political weapons, you're watching capital make decisions about what's safe and what's not.
I'll be live at 8:45 to break down what the print actually means, where positioning shifts, and how to trade when the script keeps changing every 48 hours.
Get in the room now.
All you have to do… is click this link…
See you soon…
Garrett Baldwin