Markets "flash crash" on the back of a big CPI miss. I caught the S&P 500 2% sell off. Major indices suffer worst decline since June 2020.
Markets "Flash Crash" on the back of mispricing of CPI expectation, please refer to this post. I caught the -2% trade, Chart/s above, as the S&P 500 traded down over 4% (which is a crash) lead by HFT systems that were over juiced on Wall Street analysts call for a 8.0% fall in inflation, when the CPI came in at 8.3%. This will cause most firms to recalibrate interest rate forecasts on the up and tighten liquidity.
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