12 Apr Inflation and the State of the Financial Markets

Dear Traders,Good day. It's CPI Day.This morning, the market gapped up significantly following the release of the Consumer Price Index figures for the past month. The US inflation rate (YoY) for March 2022 came in at 8.5% vs. the 8.4% that had been estimated. February 2022’s inflation rate was 7.9% over February 2021. This news caused the market to move much higher in both premarket trading and in the Open session but it then sold...