The reaction to the hot inflation data Wednesday isn't as important as the next 10 trading days. Here's why: Since the October 2023 low, we've had five CPI reports. The S & P 500 has been higher two weeks later all five times. Given the near 30%-plus advance over that time, this isn't surprising. However, not every report has been great. The market's response – over the ensuing 10 trading sessions – has been solid each time, though.
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