The market reacted with a huge jump at the opening after the CPI report indicated easing inflation. It jumped up 2.23%. But then it started a selloff, and the market declined the rest of the day. It erased all gains finishing up 0.73% only. Quite disappointing price action. But obvious one. We have had this pattern for almost a year now. The market reacted well to the good inflation news but failed to hold on to the gains. Today was no different. Tomorrow, Jay will tell us what we all already know, so let’s see how the market reacts to it. I kinda expect selling off as I think the rumors were priced in, and now we will see selling the news. Expect choppy trading tomorrow.
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