Santoli’s Tuesday market notes: CPI surprise doesn’t quell ‘temporary or lasting’ inflation debate

Traders on the floor of the New York Stock Exchange.
Source: NYSE

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • Hot inflation report cools the reflation trade further, rekindles tapering/tightening concerns and flattens the yield curve – all of which heighten the market's reliance on the biggest, growthiest companies on the board for another day.