If the S&P 500 isn’t hitting all-time highs are the markets even open! A hottish CPI print was no match for equities today, and there was no way the S&P 500 was going to log three down days in a row (has not happened since Jan 4th). After headline and core CPI topped forecasts for the second straight month, US treasury rates and the dollar pushed higher. S&P and Nasdaq futures briefly dropped before turning and following suit. One would have expected a move downward for main US indexes, but th…
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