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Even in a bear market, FOMO is a major force

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Stocks rallied sharply, despite a worse-than-expected inflation report that all but ensured the Fed's relentless rate-hiking would continue.

The big picture:

And the S&P 500 did, in fact, plunge after the inflation report, opening down 2%. However, it then boomeranged, closing upYes, stocks go up and down all the time. But the size of the swing from the opening tick was highly unusual. Bear market rallies are the brief, sharp increases that regularly happen, even as the market's broad trajectory is lower.

 

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Because we all know when inflation happens it's because life is too cushy for the people at the bottom. Solution: cause a massive recession, mass layoffs, huge unemployment s. Make it an employer's market again. That's a Biden win! McConnell agrees! Ain't bipartisanship grand

The DOW was down 400 points today? Is that a rally?

timely story — the market tanked today.

Rallied sharply?

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