Early Update – Stocks Soar on CPI Beat
10:44 a.m. ET We’re off to a strong start with many price trends extending their bullish price patterns after CPI slowed more notably than exected. SP-500 +1.7%, Dow +1.5% (Transports +2.8%), NASDAQ-100 +2.2%, Small Caps +2.3%. The NASDAQ Composite has risen 20% from the June low. One month of falling inflation is not a trend…