Improving breadth is healthy development but sentiment has gotten a bit frothy, notes Liz Ann Sonders. She discusses the Consumer Price Index for June 2023. CPI month-over-month came in a 0.2% versus an estimated 0.3% and a prior 0.1%. She talks about tomorrow's notable premarket earnings include JPMorgan (JPM), Citigroup (C), Wells Fargo (WFC), and United Healthcare (UNH). She also goes over how some give-back might come near-term. She continues to be sector-neutral and think investors should not in monolithically. She previews the next FOMC meeting which will take place July 25-26. In terms of earnings, investors should focus as much on revenue growth and profit margins as the earnings beats or misses, she highlights. Tune in to find out more about the stock market today.