S&P to Trade Between 3,600-4,200: JPMorgan Private Bank

The transcript discusses the narrowing window for a soft landing due to strong CPI data, suggesting a cemented 75 basis point rate hike. It highlights the implications for monetary policy, recession risks, and the dollar. The market's reaction was swift, with a prior rally in the S&P and a pullback in the dollar. The equity market is expected to be range-bound, with scenarios for mild recession and soft landing outlined.

What market reactions were observed following the CPI report, and how were they justified?

What range is suggested for the equity market by the end of the year, and what does it indicate?