“I think the market should be prepared that they won’t cut in June, but I’d keep my options open if I were at the #Fed ,” says former Dallas Fed President, Robert Kaplan

“This is an ongoing bull market. Bull markets pause or consolidate from time to time,” says Chris Verrone of Strategas. “What I think we just want to be a little bit mindful of are maybe flashes of some leadership changes under the surface.”

“We think that the 3 cuts they [the Fed] have put down in the dot plot is far too high given the amount of inflation,” says NewEdge Wealth’s Cameron Dawson

The #Fed “want a reason to cut rates. They didn’t get the reason to cut rates,” says Joe Terranova of Virtus Investment Partners Investment Partners after the latest PPI & CPI reports.

“It wasn’t a gamechanger from our perspective,” says Citi’s Lucy Baldwin about the latest CPI data. “We’re still sticking with our call that we’re going to get a cut in June.”

Goldman Sachs pushed back their rate cut forecast after today’s CPI report. Goldman Sachs’ Chief Economist, Jan Hatzius, explains why, 'July is the first cut in our new forecast.'

“I do believe that the #Fed needs to cut by July,” says Invesco’s Kristina Hooper. “We have to worry about the damage that may have already been done if the Fed doesn’t start to reverse course soon.”

Stocks are sliding after a hot CPI report. @ritholtzwealth’s Downtown Josh Brown says, “It’s exactly what you would expect to see if you think that we’re set back from 3 down to 2 [cuts], from June down to July.”

'I am more worried than I was...even six weeks ago,' says Aswath Damodaran on the stock market. 'Inflation seems to be much more stubborn than people thought it was going to be...Where inflation goes the rest of the year is going to drag the market.'

Shares of Nvidia $NVDA selling off today as the AI war heats up, with Alphabet $GOOGL and Intel $INTC both announcing new AI chips. @kantrowitz weighs in:

'Ultimately, it's all an earnings story,' says Corient's Amy Kong. 'There are a lot of companies out there that need financing but have good earnings, and I think those companies will do just fine.'

'Small caps could outperform this year,' says @bankofamerica's Jill Carey Hall. 'The next catalyst that many of these small cap investors are looking to is the Fed...'

What's on the line for investors ahead of tomorrow's CPI print? @lizyoungstrat weighs in:

'What we're trying to do is find sports that people three or five years ago were not looking at, and today they are,' says Avenue Capital's Marc Lasry on investing in bull riding. He also discusses the LIV/PGA Tour merger talks:

'I think it's closer to one [rate cut this year],' says billionaire investor Avenue Capital's Marc Lasry. 'Until [the Fed starts] seeing a problem, their biggest worry is still inflation. So, there's no rush on them cutting rates...we're lending money, around 12-15% still.'

'When we start flirting with around 5%, that's when you'll start to see rates really begin to bite,' says J.P. Morgan's Jordan Jackson. 'So long as the narrative is still around cutting rates, and not hiking rates, I think the market can continue to grind higher.'

'Right now we're even money on the idea of cutting rates at all in June,' says Steve Liesman. 'You're out of excuses if you've been excusing the data for January and February. You don't have those excuses for March.'

Can stocks continue to rise if bond yields do as well? Anastasia Amoroso weighs in:

'I think there's still a lot of room to run and a lot of time to run,' says Alger's Dan Chung on the stock market. 'There's a strong fundamental underlying support for the market.'

#Bitcoin is up over 140% over the last year, hitting all-time highs last month fueled by demand from spot ETFs. Anthony Scaramucci discusses why he thinks Bitcoin is back: