United States: The CPI report was a shocker, with last month’s inflation rising much faster than markets expected.
On a year-over-year basis, CPI gains were at multi-decade highs.
Here are the CPI changes in terms of standard deviations.
Eurozone: EUR/USD dropped in response to the US CPI report.
China: Foreign investors pulled capital out of China’s stock market.
Cryptocurrency: Bitcoin briefly reached an all-time high near $69K after the higher than expected US inflation print.
Equities: Corporate sentiment has been moderating.
Food for Thought: Rivian Automotive market value after the IPO:
Edited by Daniel Moskovits
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