Ryan Detrick, chief market strategist at Carson Group, downplayed concerns about the impact of March's higher-than-expected CPI report on the stock market. He criticized the government's method of calculating shelter costs within CPI and noted that despite the CPI shock, the Producer Price Index (PPI) did not raise concerns. Detrick also mentioned that the Federal Reserve's less likely action to cut interest rates three times this year reflects a strong economy, which is positive for stocks. He highlighted the SPDR S&P 500 Index's (SPY) 10% gain in Q1, suggesting that early strength often correlates with continued performance throughout the year.