Hundred dollar bill. Falling money isolated background. American cash.

ZERO HEDGE reports:

A little over a week ago, in the aftermath of the latest PCE data (which came in line), stocks soared in anticipation of tomorrow’s CPI print which the zeitgeist at the time saw as likely to be a miss, due to weakness below the surface in the latest PCE data.

Well, what a difference a few days makes because late on Thursday, stocks got pulverized amid speculation that Friday’s CPI print will come in even hotter than expected.

The reason for that ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.