10/10 Daily Plan: Hotter Than Expected CPI won't change Fed's short-term plans

U.S. Market Strategy

Today’s slightly hotter than expected CPI headline inflation data is having a mild rather than large impact on markets, as alluded to yesterday. As of this post, the impact is mild and although things can change later during the day, today’s print isn’t a fundamental reason for a large selloff in the S&P 500 and Nasdaq. If there IS a…