The market right now not only has to price in the potential destructive 'nuclear war' moves from the Big Guy, but also the March CPI inflation data coming this Friday! According to data projections from NewYorkFed, the median one-year inflation expectation for March has jumped to 3.42%, up from the previous 3.0%, a 14% increase! These numbers are extremely bad. If inflation significantly exceeds expectations, the Fed's only remaining rate cut for this year might be off the table!