10 Feb Inflation and Market Overreaction
Dear Traders, Happy inflation report day! At 8:30am ET, the CPI numbers came out and they were 9.2% more than anticipated, like 0.2%. Reaction was quick in the premarket, with a sharp drop of over 2%, but as I write these words, the recovery seems to be equally quick at the Open, with all the indexes gaining back most of their losses from the premarket. Brian and I executed amazing opening trades on the QQQ index...