Recent Fed speak has done little to change the trajectory for rates, notes Phillip Toews. He talks about how a resurgent CPI would change everything for the worse. He discusses what a hot CPI print could mean for markets. He suggests that markets are entering an unfavorable season and one possible detractor from good market vibes is a potential government shutdown. He previews the next Fed meeting which is September 19-20th. He then goes over portfolio construction in a high-rate environment. Tune in to find out more about the stock market today.