Dow Stumbles After CPI Cool-Down—Wall Street’s ’Soft Landing’ Fantasy Gets a Reality Check
Monday’s rally? Gone like a hedge fund’s moral compass. The Dow dips as CPI growth slows—turns out ’transitory’ inflation finally took a vacation.
S&P 500 outlook brightens? Sure, if you ignore the 17 other macro time bombs ticking. Active traders are now torn between Fed pivot hopes and the cold hard truth: markets run on hopium these days.
Bonus cynicism: Nothing brings out Wall Street’s irrational optimism like a single decent data point after 18 months of carnage. Next stop—ATH delusions by Friday.