A.M. Update – Futures Upo Big on Cooler Than Expected CPI

S&P futures are up huge, +3.15% following the CPI print, coming within 20 points of one of two measured move targets at $4,000. The consumer price index rose 0.4% in October (consensus 0.7%) following a 0.4% increase in September. Core CPI, which excludes food and energy, rose 0.3% in October (consensus 0.5%) following a 0.6%…