Watching the small caps amidst the latest CPI print

The latest CPI numbers, coming in a bit softer than anticipated, have certainly sparked some chatter about the Fed's next moves. While the immediate reaction has been a gentle lift in broader indices, I'm finding myself focusing more on the underlying rotation, particularly into the smaller cap names that have been largely overlooked for much of this cycle. It's not a green light for an all-out sprint, but a subtle shift in sentiment could be starting to take root.

My watchlist has seen some adjustments. Names like $PLTR, which has seen a bit of a pull-back today at $174.04 after its recent run, are still on the radar for potential entry points on further consolidation, but I'm also digging deeper into the more beaten-down names that could benefit disproportionately from a more dovish Fed stance or even just the perception of one. The macro picture remains complex, no doubt, but the current data points offer a slight glimmer of hope for a broader market participation beyond the mega-caps.