A.M. Update

S&P futures are down -1.35% on a hotter than expected CPI print. NASDAQ-100 futures are down -1.8%, but Russell 2000 futures are down as much as -3.5%. Total CPI was up 0.3% month-over-month in January (consensus 0.2%) following a 0.2% increase in December.; and  up +3.1% YoY. Core-CPI, which excludes food and energy, was up…