Asset Management CEO: Stocks may rally despite CPI uptick

STORY: He added, "with the CPI coming in just slightly above what people thought, at least on the core, there would be an expectation that markets might have sold off today and that the long bond might have moved higher. It's been interesting to see that we've just inched a little bit higher on the on the S&P 500. And so I think that creates optimism the downturn that we saw last week could potentially not continue."