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Inflation Was Terrible. Here’s Why the Market Rallied.

Por: MarketWatch Business October 13, 2022

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The immediate reaction was predictable. All three indexes, which had been up solidly ahead of the print, tumbled, with the down more than 3%, while the fell as much as 2.4%, to 3491.58. The S&P 500, though, finished the day up 2.6%, while the Nasdaq rose 2.2%, and the is up 2.8%. Newsletter Sign-up It was a massive rally, and one that came out of nowhere. And it’s left market observers like yours truly wondering what the heck just happened.... + full article



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