there may be some market jitters around inflation figures coming...

there may be some market jitters around inflation figures coming out of the US my entire portfolio was red today...

To conclude the narrative around possible reasons for a general sell-off yesterday, it never really amounted to anything on Wall Street overnight. The pace of inflation was shown to be slowing, so that would - and did - ease market fears that The Fed might move sooner to raise interest rates.

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Inflation remained elevated in July, but showed evidence of cooling as the economic recovery continued amid pandemic-related supply problems and signs that the recent rise in coronavirus infections is starting to crimp some business activity.
Consumer prices rose 5.4% in July from a year earlier, the same pace as in June, the highest 12-month rate since 2008, the Labor Department reported Wednesday.
On a monthly basis, however, price pressures weakened. The department’s consumer-price index climbed a seasonally adjusted 0.5% in July from June, a significantly slower pace than its 0.9% increase in June from May, though well above the average 0.2% rate from 2000 to 2019.