Following a strong jobs report, the significance of this week's Consumer Price Index (CPI) release has increased, with Bank of America (BofA) noting that the implied market move on CPI day is projected at 109 basis points for the S&P 500. This marks a rise from the previous week's estimate of 91 basis points and indicates the largest expected movement since May. BofA suggests that while stocks could handle a slight upside surprise in inflation, a significant surprise may lead to increased market volatility. Additionally, Citigroup's Economic Surprise Index has moved further into positive territory, reinforcing the view that equities can withstand some inflationary pressures.