Next test for markets: Will Fed 'blink' at 4% inflation?

STORY: Ball says the answer will come "over the next two or three or four months" as inflation eases further.

Ball also said that while the strength of January's stock market rally likely can't be sustained, the U.S. economy will probably reach a "soft landing... and that equities broadly are a better place to be than fixed income securities or cash or the like."