From: zerohedge
For all the talk of the world being on the verge of nuclear war courtesy of the dementia patient in the White House, a real life financial nuke just went off at 8:30am when the BLS reported a shocking CPI print so unexpectedly hot ( a 2.9-sigma upside surprise to consensus), that even the bears were shocked. The result was… well, an absolute disaster doesn’t even begin to cut it.
And as one would expect, alongside the shock and awe there was a barrage of delightful soundbite to go along with Wall Street’s reaction. Below we have summarized some of them:
Andrew Brenner, head of international fixed-income at NatAlliance Securities.
Jim Caron. Morgan Stanley Investment Management.
Chris Antsey, Bloomberg senior editor
Nick Timraous, Fed mouthpiece at the WSJ
Dennis DeBusschere, founder of 22V Research,
Seth Carpenter, chief global economist at Morgan Stanley,
Steve Chiavarone, senior portfolio manager at Federated Hermes:
Mona Mahajan, senior investment strategist at Edward Jones:
Michael Pearce, senior US economist at Capital Economics:
Angelo Manolatos, US and Canada interest rate strategist for Bloomberg Intelligence, calls today’s report “clearly a core-services story:”
Ira Jersey, chief rates strategist for Bloomberg Intelligence:
Anna Wong, Chief US Economist for Bloomberg Economics, says:
Mohamed El-Erian
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Priya Misra, global head of rates strategy at TD Securities:
Oscar Munoz, US Macro strategist at TD Securities:
And now we sit back and wait for something to break.