US CPI Miss Sparks 3rd Biggest Short Squeeze Ever: Stocks, Bonds, Gold Soar As Dollar Crashes

From zerohedge.com

A very, very, very, very slightly softer than expected Core CPI print combined with broadly less-hawkish FedSpeak sparked the biggest rally in stocks since April 2020 and the biggest collapse in TSY yields since March 2020. The massive rally in stocks and bonds sent the 60/40 portfolio up 3.4% today. Since 1988, there have been only seven other sessions when the portfolio jumped more than 3%, all happening during the 2020 and 2008 recessions. chart Keep in mind, though, that the forward returns after these big rallies have been poor. So CPI stoked the market's rally then Dallas Fed's Lorie Logan pured gasoline on ... (full story)