Stocks Roar Back: The Dow Jumps Nearly 1,000 Points As Dip-Buyers Return.
The day after the worst session in weeks, buyers came right back.
The Story
The day after the worst session in weeks, buyers came right back. The Dow Jones Industrial Average jumped 929.97 points to 50,848.75 — up 1.86% — with the Nasdaq adding 2.5% and Europe's STOXX 600 up 0.5%. The same names that led Wednesday's inflation selloff led the bounce.
I'll be honest: a one-day rebound this size tells you more about positioning than about fundamentals. Nothing about Wednesday's hot CPI changed overnight; the ‘higher-for-longer’ math is exactly where it was. So I didn't chase the rip. I kept the book where it's been — tilted toward cash-flow — and let the fast money trade the noise.
Themes & Tickers In This Article
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