Burned Out Stoner Buyers

It is certainly much more of an art than a science to discern if and when buyers are simply exhausted after an extended period of nonstop dip buying. 

However, today's price action certainly seems like a spot to opine that a cooler CPI could not help as much as many expected, given the tech/growth laggards and the late-day broad market selloff. 

Simply put, I think buyers are burned out and they were never particularly strong to begin with--They just had the flows and other mechanical factors to help. 

The standard next seasonal window of weakness is late-May through June. However, if too many are asleep here and bulls are in cruise control some mid/late April downside fireworks seems like a decent pain trade scenario now.