Nasdaq Pukes To Worst Day Versus Small Caps In 22 Years, Gold Soars Near Record High After Soft CPI
July 11, 2024 at 19:40 PM EDT
Misses across the board today in CPI left US macro surprise data languishing in 'not so soft landing' territory...as inflation and growth factors are now tumbling in a 'recession-y' kinda way...all of which prompted a surge in rate-cut hopes.