The March CPI report sent a ripple of relief through the market, and the S&P 500 (NYSEARCA: SPY) moving higher, but don’t go chasing prices. The rise in interest rates makes it more expensive to do business, raise capital, and harder to get loans, weakening demand and curbing spending. Without a positive change in the outlook, the market is heading for a retest of the short-term 30-day moving average and possibly lower levels.