The monthly Consumer Price Index data came out, and it was a bit warmer than the bulls hoped.
The initial reaction – – which means next to nothing in the grand scheme of things – – was “surprised”:
In the time it took me to paste these images, however, the stock futures have already flipped back into the green. Let’s see where things stand at the end of the day. Hey, I’m just glad we’re not +40 on the /ES.