The Madness Of The Crowds, Again!
This tells you something. At 8:30 AM the BLS reported the hottest Y/Y inflation rate in the last 39 years (6.8%). But hardly seconds later, the Wall Street Journal heralded the good news for stonks: Don’t sweat it, the “whisper” number was 7.0%, and behold, the S&P 500 proceeded to close at another record high! […]