High inflation report leads to whirlwind price action
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CPI data was announced this morning and the market did not like it. At 7.5%, it was the highest report since February of 1982. Things sold off quickly and kept heading lower before bouncing at the open. $IWM was the first to go green. Then $DIA did as well. $SPY made it into positive territory for a very brief moment but $QQQ never did.
High inflation report leads to whirlwind price action
High inflation report leads to whirlwind…
High inflation report leads to whirlwind price action
CPI data was announced this morning and the market did not like it. At 7.5%, it was the highest report since February of 1982. Things sold off quickly and kept heading lower before bouncing at the open. $IWM was the first to go green. Then $DIA did as well. $SPY made it into positive territory for a very brief moment but $QQQ never did.