Daily Wrap – Weak CPI Sends Stocks Soaring Higher

The key economic event of the week was this morning’s July CPI, which came in much weaker than expected, confirming the slow down in inflationary pressures seen since mid-June when the Copper:Gold ratio first broke the inflationary trend (not to mention Lumber, Copper, Crude Oil and Gasoline futures). The moderation in both CPI and core…