Goldman Sachs US CPI preview – wary of a scenario where S&P 500 will collapse at least 2% | Forexlive

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Via a Bloomberg report is this from Goldman Sachs (gated):

• Expect the S&P 500 to drop at least 2% should the year-over-year inflation rate come in above the previous reading of 6%
• stocks are likely to go higher if CPI meets or trails 5.1%
• “Stock market wants a softer print as a hot reading will add more confusion/uncertainty into the equation of what the Fed does from here,”
• “Another hike in May but then aggressive cuts in Q4? This is what Fed fund futures are pricing in ahead of tomorrow’s print.”