That makes sense too. Agreed, which is why I said "trying". I think there were spikes but they just didnt capture enough peoples attention.
Too early to call, as I need to see how we close today, but if in line with expectations, then a big rally for October will continue from tomorrow.
If PPI came in higher than expected, isn't it obvious that CPI will also be higher? After all, producers pass the cost on to consumers. But ironically the market hasn't sold off on the news. Why is that?
Crazy chit. Not one but two ... one minute bar up and down spikes out of nowhere! A third one as big a range but not as dramatic a move. Now its all reversed. But for how long?