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OverviewAPI
Stocks and bonds surged higher following a weaker than expected Consumer Price Index (CPI) report. The bond market reacted positively to the U.S. inflation report, with yields falling to their lowest in seven weeks. The mounting 'Big Long' in bonds may lead to speculative squeezes, and inflation is not expected to end yet. A benign U.S. inflation report indicates a turning point in the market, leading to a rally in stocks and bonds.

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