I wasnt sure how stupidly the market would react if inflation...

I wasnt sure how stupidly the market would react if inflation came in reduced last night, so I sold my trading parcel yesterday. Yay.

So CPI was still higher than last month by 0.4% , so SPX jump 100 pts in the first 2 mins, then another 100 pts in the remainder of the session. WTF???????????????

This demonstrates the market is still imbued with hordes of salivating bulls just waiting for a sliver of an opportunity to turn adversity into the next uptrend. Then they run like a herd under cougar attack (bit like Friday night at the wine bar).

You would have expected a drop , or a flat market response at best on a 0.4% CPI increase?  Is inflation halted? Or ameliorated?  N O!!!  As you say @swaggytrader the market is out of control ... hilarious.



Meanwhile, theres the crypto markets. Lol. Best entertainment out.