CPI just released—3.8%—higher than the expected 3.7%

0.1 percentage point may not seem like much, but it's the highest since May 2023. Inflation isn't going down; it's stuck.
My thoughts: 🤔
First, the market's reaction to the CPI is more subdued than expected. $BTC only dropped about 1%, with no panic selling. This indicates that the support around $80K is real, but also shows that the market has already priced in the bad news.
Second, what really worries me isn't today's 0.1%, but the trend. 3.6% → 3.7% → 3.8%, rising for three consecutive months. This isn't just monthly noise; it's a reversal in direction. If PPI and employment data continue to run hot, and inflation re-accelerates, once that narrative is priced in, it won't just be a BTC correction.
Third, Burry's liquidation + inflation exceeding expectations + NVDA earnings in two weeks. Three things stacked together—now is not the time for reckless bottom-fishing. I prefer to wait for a clear trend before entering, rather than adding positions in the fog.
But on the flip side, what if 3.8% is the peak of this inflation rebound? What if the Fed still plans to cut rates later this year? Then the current pullback might be the next opportunity to buy.
I don't bet on the direction; I only wait for signals.
Do you think this CPI surprise is just temporary noise, or the start of a trend reversal?
Non-advertisement, non-investment advice. DYOR