Stocks Surge, Goldgasms To Record High After "Adjusted" PPI Sparks Buying Frenzy What started off as another ugly day with stocks tumbling and yields surging following yesterday's VaR-shock inducing CPI print, quickly reversed after the market - in its infinite stupidity - took what was a hot PPI print (core PPI came in at 2.4% vs Exp. 2.2% and up from 2.0%) but which the Biden BLS massaged just enough to make it appear that headline PPI actually missed (coming at 2.1% vs exp... Read this story
