Home Market Outlook Today's Market Summary I can't remember the last time I was this bullish on the broader markets. After this week's hot CPI and PPI prints, the response was surprisingly calm. The April PPI rose 1.4% m/m, the largest monthly increase since March 2022. That said, services (not goods) drove most of that increase (60%). I still don’t see broad inflation contagion beyond pockets of the economy that have direct exposure to fuel. I see early signs of rotation within semiconductors, with momentum names lagging higher-quality stocks like Nvidia or TSMC. I’d watch for an acceleration in this trend. Valerii Apetroaiei/iStock via Getty Images At the end of last week, I was meditating about the duration of the current rally from the March 30 lows.…