I’ll go out on a limb … I think it is down without much of the...

I’ll go out on a limb … I think it is down without much of the usual afternoon bounce after previous CPI reports.

The biggest jump since Sep, headline CPI now 3.5% and moving away from the Fed target of 2%.

VIX and 10yr T Bond yield are both rocketing up.

Suddenly, Powell looks to have mis stepped in being casual, dismissive and even dovish about the higher than expected Jan and Feb CPI readings.

Effectively a slap in the face of investors with a cold, wet fish imo.

But I could be misreading it.

Dex