As you start reading the news, you will notice that some media channels and news outlets are saying the latest CPI data is quite in line with expectations or it isn’t so bad. Thus, the market rallied.
This simply shows that news are hindsight stuff. Whichever way the market goes, various news outlets will have a way to tag a reason to it, or spin it in such a way that it fits their narrative.
Trade the price action if you’re a short term trader. Ignore the short term noise and news if you’...