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Irrational Exuberance Revisits the Market. Then, Quite Rationally, It Flees.

Por: MarketWatch Business October 15, 2022

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Consider this past Thursday, when stocks and bonds initially fell sharply in reaction to yet another bigger-than-expected rise in the consumer price index. The “core” CPI, which excludes food and energy costs, increased 0.6% for the second straight month in September. The 6.6% year-over-year rise was and well above the 5.9% pace just two months earlier, which had boosted hopes that the worst was past. Bond yields surged and stocks slid on... + full article



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