Fundamentals, for the most part, drove price action on Tuesday as markets seemed to reject modern politics as a foundation for monetary policy. All three main U.S. equity indexes opened slightly higher, but none of them were up at the end of a trading session that was positive for other reasons.
The economic calendar brought some comfort this morning: The Bureau of Labor Statistics (BLS) said before the opening bell that the Consumer Price Index (CPI) was up 0.3% compared to November, while core CPI increased by 0.2%. Year-over-year CPI was 2.7%.
