"Market Trends and Timing: Fed's Interest Rate Cut Outlook"

Treasury yields surged following higher-than-expected inflation prints, as markets anticipate potential interest rate cuts by the Federal Reserve. The market is jittery about the Fed's policy and the timing of rate cuts, with expectations of three cuts before year-end. Some economists believe the market's predictions are incorrect, while others are more optimistic. Additionally, the market is witnessing a breakup of the Magnificent Seven, with some leaders of last year under pressure. Crude oil prices rallied to a four-month high due to supply data and geopolitical risks, leading to gains in the energy sector.