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Hit Me With Some More Goldilocks My Dude: Stocks Rise, Dollar Falls After CPI
Looks like people are going to go ahead and read the CPI print as further evidence that "Goldilocks" is alive and well.
Coming as it does on the heels of February payrolls which delivered a blowout on the headline jobs print along with a miss on the average hourly earnings front, today's inline CPI number is probably going to be seen as further evidence that the Fed need not be in a rush to hike.
And look, even as that's a less than nuanced take, no news is probably good news when it comes
The gubment’s latest inflation/employment statistics reek of manipulation, even more so than usual.
So does the market’s astounding ability to keep re-levitating itself.
My baloney detector is blinking red…