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.

More In Santoli on Stocks

CNBC ProSantoli’s Wednesday market notes: Investors’ buying urgency ramps up as fear over China’s Evergrande risk fades
CNBC ProSantoli's Monday market notes: It's more than just Asia headlines behind the sell-off
CNBC ProSantoli’s Friday market notes: Stocks slump toward an inflection point: an ordinary pullback or something more?