Markets Sell-Off on Hot Inflation, Bad Consumer Sentiment

Good Evening:

Markets were thrashed on Friday by a white-hot CPI print and also the lowest level for the University of Michigan Consumer Sentiment survey in the entire history of the indicator. Over the last year, Energy rose 34.6%, with gasoline even higher, and groceries jumped 12%, but the levels of inflation were pretty broad-based, even excluding these more volatile items. The print definitely make it a lot less likely that any doves will be taking flight at the Fed soon. Some market co...

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