S+P 500 futures price a potential reopening above 5,650 today after US inflation falls

The noted reaction higher in the US stock market futures has seen the S+P 500 price in an opening later this afternoon at above 5,650 immediately after the US June CPI fell. The prospect of that lower data further underpinning the US stock market record rally is something that was touched on here earlier and right now it looks like the data is floating what is already a bull market under full steam. Of course the opening gains might be tempered over the next hour or so, but the race to new records looks very much like it is going to be on again today. The S+P 500 is currently priced to reopen at around 5,645, rembering that it closed yesterday at 5,633