CPI reports signal higher inflation.
The die is cast - rally over for now, the bear is here to stay for a while
There will be a few rallies, BTD trades, but this latest report is the really important nail in the bull coffin
Futures hammered on the mix of hotter than expected CPI numbers and a miss on the Retail Sales; Crashed thru the 100-sma in the ES H18 (2643) will be key here, if unable to hold 2600 comes into play
January CPI Y/Y +2.1%, Core CPI Y/Y +1.8% (Core had been running between 1.7-1.8% the past eight months)
January Core CPI M/M +0.3% vs +0.2% Briefing.com consensus