That Obsession With Inflation Didn't Last Long
- Markets anticipate inflation data for signs of economy growth
- U.S. stock market ‘super sensitive’ after selloff: Antonelli
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A $2 trillion rout in U.S. equities knocked investors out of a trance of profit euphoria. And they suddenly found themselves latching onto inflation as the thing to obsess about -- until January’s CPI print came out Wednesday and they decided they weren’t interested in it, after all.
So maybe, they told themselves, the key to the market actually is strong fundamentals. Or weak fundamentals or overheating fundamentals or volatility traders or companies buying back shares or, heck, maybe it’s the Chinese Zodiac.