Equity rally just got some breathing room. Option expirations cleared out the technical obstacles, and that benign CPI print is taking some pressure off the rate-cut narrative. The macro picture is looking less hostile right now.

When inflation stays soft, that typically eases concerns about extended higher rates. Meanwhile, options expiring tends to remove artificial price pressure points that traders were defending. Combine these two, and you've got a setup where the path upside looks a bit less cluttered.

Not a guarantee, but the near-term headwinds just got a lot lighter. Worth watching how long this momentum holds once we get past these technical and macro catalysts.