The CPI just came out, and inflation is running hot across the board (even by the government’s completed fake, watered-down metrics).
The bell curve below illustrates the expectations for the month-over-month print, and we definitely landed on the hot side, which few were expecting.
The moment this came out, assets plunged across the board. And then, FOR NO REASON AT ALL, everything reversed hard and is blasting higher. The data is absolutely identical. It’s as if the market looked around one another and said, “Hey, but it could have been worse, right, fellers? Right?” So the buying resumed, and the VIX is plunging.
(Click on image to enlarge)
I’m so annoyed at this point, I have nothing left to say. I’ll be back after the market’s been open a while.
(Click on image to enlarge)
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