
There was a lot of drama in the markets last week as inflation news hit the wires. CPI came out cooler than expected and after an initial news reaction up, we just trended down the entire day. PPI came out hotter than expected and after an initial move down, the market trended up most of the day. All of this is around the backdrop of the Fed not sure about how to signal rate decisions.
Bank earnings started and came out mostly better than expected which was positive for the individual names. Tesla (TSLA), on the other hand, had some huge swings intraday but ended the week mostly unchanged from the week before.