Yes, but didn't everyone already expect a bad CPI?
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Replying to @MasterBJones and @traderbjones
It always goes down on CPI data
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I’m just looking at the past data every CPI is red, idk just what I se.
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CPI data has been priced in already. Each time CPI comes around it can’t get much worse than current state so impacts the market less and less with each meeting. Just my opinion.
YES. Fed gave a warning and in the AM we gapped down, CPI was expected and kept us within the trading range. Oil coming down and Banks pulling out of russia gave us support as the chart makers timed out their move to drop the VIX. Now treading on Ukraine action/the weak econ.
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