Markets were hoping for a ‘juicier’ CPI print: Strategist
Major indexes (^DJI, ^IXIC, ^GSPC) are facing downward pressure following the release of the August Consumer Price Index (CPI), which came in line with economist expectations. Siebert Chief Investment Officer Mark Malek joins Catalysts to share his market outlook in light of this report. Malek suggests that the market’s negative reaction indicates investors were “secretly expecting or possibly even hoping for” something else from the data.
finance.yahoo.com