Post CPI playbook
Post CPI Playbook
Look, nobody, literally nobody would have said CPI up 0.1% in August with what oil, air fares, used car prices and most commodities have done since July. But, it is what they say it is and it’s very bad for stocks near term. The Fed will stay vigilant longer than most would have hoped and likely go past 4% by early 2023. Companies th…