The market's worst day of 2022 was Sept. 13, when the CPI came in higher then expected. The next CPI release was a similar surprise, yet the market reacted differently.
The market's worst day of 2022 was Sept. 13, when the Bureau of Labor's Consumer Price Index came in higher then expected. A month later, the next CPI release was a similar surprise. However, the market's reaction to that news was very different.
Former Goldman Sachs CEO Lloyd Blankfein remarked: "This is one of those trading days where if you really had the news in advance, you really would have lost a lot of money."
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