CPI
The CPI number was worse than expected coming in at 0.6 vs 0.5, however the pre-market action suggest the money men do not care.
Foreclosures up by 48%, CPI indicating the Fed has to raise sooner or later, probably going to cause more foreclosures and yet the market finds this positive.
Obviously I missed something, but the markets are oversold and with the positive reaction I will close my SPY protection.
