Far worse Sept CPI report, but best case scenario was "hot CPI," markets open down and close higher

The best case scenario for yesterday was "horrible CPI miss and stocks rally"

I was at two finance investor gatherings last night (midtown 5 minutes apart) and there was naturally a lot of discussion about what would be the best "case" outcome for yesterday's CPI (Sept) report. No surprise, the views ranged from "CPI below expectations and we rally" etc but the most cogent was made by a family office investor:

best case is "way hotter CPI print and stocks tank at open then reverse into close"an e...

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