Yep. What a distorted reaction to the CPI data. The data must have been leaked out yesterday with distorted interpretation to create a down momentum. But the facts - Core CPI MOM unchanged, Core CPI YOY actually dropped from 6.2% to 6.0%. So the data still pointing to a peaking inflation. The market just got a distorted reaction, but the Fed will not...........................
I see a back test to SPX 4000 early next week before the Fed meeting ............................
Edited by redfoliage2, 10 June 2022 - 11:20 AM.