Watching the bond market amid inflation noise

The latest CPI print, while not catastrophic, clearly shows sticky inflation isn't going away quietly. The bond market's reaction, especially on the short end, tells you pretty much everything you need to know about rate hike expectations for the rest of the year. I'm keeping a close eye on the 2-year yield for any signs of a capitulation or a further push higher, which would definitely impact my $SPCX positions. It's a tricky environment, where ignoring the macro means you're just gambling.