Hot CPI, Hawkish Fed, And A Market Hangover
· theetfbully.com
[Chart courtesy of MarketWatch.com] After yesterday’s euphoric rally, the market got a sharp reminder that gravity still exists. A hotter-than-expected CPI report and some decidedly hawkish comments from the Fed reignited rate fears, sending stocks, bonds, gold, and crypto lower in one swift move. The CPI came in above expectations, while Fed Governor Christopher Waller signaled that another December rate ... Read More
[Chart courtesy of MarketWatch.com]
Moving the market
After yesterday’s euphoric rally, the market got a sharp reminder that gravity still exists.
A hotter...