Bob Iaccino of Path Trading Partners provides a comprehensive market update as equities push higher following a largely anticipated U.S. CPI report. He breaks down the reaction across asset classes, noting lower yields and broad gains in precious and base metals. Iaccino also highlights ongoing geopolitical risks in the Middle East concerning the U.S. and Iran, which continue to loom over energy markets despite crude oil's intraday dip. Finally, he outlines what traders should watch next, including the upcoming PPI inflation data, global economic reports, and key mega-cap corporate earnings.