It looks like markets have shrugged off the higher US CPI data from yesterday, and rather quickly at that. For me, the main reaction was in the bond market and that is the one that is reverberating across broader markets as well in the aftermath. More on that here.As yields fail to clear the key technical hurdle, that has seen the dollar fall back and broader markets reverse the initial price action to the inflation numbers. While equities finished little changed, it belies the price action yesterday in which we saw a solid recovery for US stocks to close near flat levels on the day.Looking to trading today, we're back to the drawing board and it's all about reading the market appetite again
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