A Hot CPI Produces A Day of Financial Media Dramtics!!
The market was hunting for a reason to alleviate the overheated and overextended conditions. Recall just how overheated the market was coming into the week, as depicted by the distance the S&P 500 had traveled beyond the 50-DMA, and with a 14-day RSI of 76 and 5-day RSI above 93. If you want to believe…
