“This Is Nuts!” – Stocks Explode Higher After Fabricated CPI Print

“This Is Nuts!” – Stocks Explode Higher After Fabricated CPI Print

It would appear the algos missed the fact that BLS made it all up. For example…

A cooler than expected core CPI print (thanks to fabricated data) appears to have sparked a panic-bid in stocks…

With Nasdaq leading the mega-squeeze…

The dollar is getting dumped too…

The only response we got from multiple desks this morning was “This is nuts!” along with a few expletives.

What happens at the cash open?

Tyler Durden
Wed, 03/10/2021 – 09:14

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