A.M. Update – Hot CPI

S&P futures are down -0.35% from up +0.2% before CPI. Nasdaq-100 futures are down -0.7% and Russell 2000 are down -1.3% as treasury yields spike. The Consumer Price Index increased 0.6% in September (consensus 0.5%), from a 0.4% increase in August, leaving YoY up 3.7% vs. 3.6% expected. Core CPI, which excludes food and energy,…