Stocks Soar Despite Hawkish Rate Scare Ahead Of CPI

US equity markets surged today ahead of a week of data that could show inflation re-accelerating (CPI revisions), retail sales rebounding (high-frequency spending data), and business sentiment improving (Philly Fed forecasts). Nasdaq was the best performer while the rest of the majors were grouped extremely tightly together… But, interestingly, short-term interest-rates actually moved (hawkishly), extending […] Source