CPI: Return of the Plunge Protection Team.
by VBL: Article
CPI came out at 8:30 hotter than expected and stock futures crashed which makes sense from a macro economic perspective as higher inflation means higher rates for longer.
Stocks opened at 9:30 and made their low for the day right then and there.
Then with no headline to trigger other than the CPI itself, stocks had the most astounding reversal anyone has seen since March of 2020.