Both equity and bond markets continue to hang on every piece of inflation-sensitive economic data, notes Patrick Healey. He discusses takeaways from recent market action, as well as when the Fed will start cutting rates. He talks about how at some point, when we do start to see rate cuts, we will likely see a rotation into small caps. He then previews PCE inflation data which will be released tomorrow. Tune in to find out more about the stock market today.