🚨🇺🇸 Wall Street erased an entire inflation selloff in just 20 minutes...
The trouble started with August inflation coming in hotter than expected.
Prices rose 0.4% in a month and 3.4% from a year ago, while core inflation also came in slightly above forecasts.
Markets hated it at first.
Stocks and gold futures dropped hard the second the numbers came out, while the 10-year Treasury yield shot up to 4.99%.
And then, almost as quickly, everything flipped.
About 20 minutes later, stocks and gold had recovered the whole drop and moved into positive territory.
Even that jump in Treasury yields reversed.
Basically, traders went from freaking out about inflation to buying again in less time than a lunch break.
And with the Fed meeting next week, that wild swing shows just how unsure everyone is about what comes next.
The trouble started with August inflation coming in hotter than expected.
Prices rose 0.4% in a month and 3.4% from a year ago, while core inflation also came in slightly above forecasts.
Markets hated it at first.
Stocks and gold futures dropped hard the second the numbers came out, while the 10-year Treasury yield shot up to 4.99%.
And then, almost as quickly, everything flipped.
About 20 minutes later, stocks and gold had recovered the whole drop and moved into positive territory.
Even that jump in Treasury yields reversed.
Basically, traders went from freaking out about inflation to buying again in less time than a lunch break.
And with the Fed meeting next week, that wild swing shows just how unsure everyone is about what comes next.
