Breakfast Bites - Should we be worried about CPI?

Rise and shine everyone.

What a market reversal yesterday! After the CPI, which came in hotter than expected at the core level, we saw the market slump. And then it made a violent reversal, with the SPX closing at +1.07% and Nasdaq at 2.17%.

A big reason was also Nvidia’s appearance at the GS Tech Conference. Whatever Jensen said seemed to have worked. He’s become a bit of a showman now and seems to be creating even more hype for the company.

Futures are trading higher this morning. And when I say futures… I mean everything. Look at the chart below. Even Crude Oil is seeing some respite after the last two days of selling off.