February's wholesale inventories print came in better than expected while GDP and core PCE fell slightly below Wall Street estimates. Kevin Green breaks down the slew of delayed economic data and how it all plays into expectations for Friday's CPI. However, investors are still primarily focused on the U.S.-Iran ceasefire and the Strait of Hormuz. KG points out that traffic is moving through, just at a fraction of movement prior to the conflict. He tells investors not to be surprised if crude oil retests $120.

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