Live — Last updated April 10, 2026, 10:01 AM ET

The Risk Wire

Daily deployment intelligence for systematic traders. One question, every day: Is it safe to deploy?

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CPI Explodes to 3.3% — The Market Doesn't Care

March CPI surged to 3.3% YoY on a record gasoline spike, confirming the inflation pipeline is poisoned by 40 days of Hormuz closure. But equities rallied anyway — S&P futures pushing toward 6,870 — as traders bet the Islamabad talks and diplomatic momentum outweigh the macro damage. Michigan consumer sentiment plunged to its lowest since December 2025. The market is making a binary bet on peace, and the CPI data says the cost of being wrong just went up.

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I've been trading systematic strategies on US equities and futures since 2011. Every day, I assess volatility regimes, credit conditions, breadth, momentum, and macro catalysts to decide whether it's safe to be fully deployed or whether to pull back.

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The Risk Wire is for informational and educational purposes only. Nothing published here constitutes financial advice, investment advice, or a recommendation to buy, sell, or hold any security. The author is not a registered financial advisor. All trading involves risk, and past performance does not guarantee future results. You are solely responsible for your own investment decisions. Always do your own research and consult a qualified financial professional before making any investment decisions.