It felt like every trader on earth hit the buy button at 8:30am ET Tuesday morning as the softer than expected CPI report came out. This led to a shocking +3.5% surge in stock futures. If that held up it would have put the S&P 500 all the way up at 4,130.
But that didn’t hold up...neither did the recent high of 4,100...neither did the 200 day moving average at 4033...instead stocks only closed up modestly higher at 4,019.
