US equities were down in Tuesday trading after the SandP and Nasdaq pulled back from record highs set yesterday. Headline and core CPI for June surprised to the upside. Multiple reports out today noted Republican concerns about the bipartisan infrastructure agreement. Financials a bit weaker with banks on the defensive following the first round of earnings this morning. Boeing took a hit after announcing they are working with the FAA to resolve issues with the 787 Dreamliner. Nothing incremental on the monetary policy front as focus remains on Powell's address to Congress later this week.