<em>"Everyone has a plan until they get punched in the mouth..."</em>

The soft-landing, Fed-will-cut-and-save-us-all, but mega-cap-tech-to-the-moon narrative just got punched in the mouth by a CPI print so ugly I wouldn't touch it with yours. Most significantly SuperCore - which The Fed has highlighted - soared higher...

Not a pretty picture and rate-cut odds puked (March how less than 10% and 2024 now pricing in less than 4 total cuts)...

Stocks are puking hard led by Small Caps and the Nasdaq...

Bonds are a bloodbath with the short-end jumping by over 12bps...

The dollar soared to its highest since Nov 16th...

"Everyone has a plan until they get punched in the mouth..."
{ai:summary}<p>The Fed's optimistic economic narrative takes a hit as ugly inflation numbers emerge. Rate-cut odds plummet, stocks and bonds suffer, dollar surges. Can investors handle the truth? #economy</p>

Stocks, Bonds, & Bullion Puke After Hot CPI Print Hammers Rate-Cut Hopes

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