"Firstly, explodes upwards on relief news (due to supposed relief of no rate hike, even though that was supposedly already factored in today's rally). Then pulls back hard on reality of no rate cut (true expectation), and heads back down. Suspect Qs will peak near 43.8-44 before trending back down." Did the pop part. Will it get to 43.8? Core inflation remains a concern??? Can't be that great.
you said it exactly the way I would have said it. "relief" on what basis that everyone knew there was going be a pause to begin with. WTF is wrong with this market. rallying again, who would have thought. watch it take out its intraday high... Insane...