Hot CPI, Hawkish Fed, Shrugging Tape: Top Goldman Trader Says Hedged-To-The-Gills Funds Are Propping Up Stocks

Yesterday morning, Goldman's Rich Privorotsky drew his line in the sand: "Core at 0.2% would be constructive; 0.3% would challenge the rally."

Core printed 0.3%. And the rally... well, it barely flinched.