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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (66856)2/20/2003 9:22:31 AM
From: At_The_Ask  Read Replies (4) of 209892
 
There was a lot of discussion on the big jump in inflation in january. cnbs said it was the biggest jump in 13 years and even ex food and energy was very high. Haynes commented that he was surprised that the futures received it well and were still up.

The reason why is because inflation is bullish at this point and it gives companies pricing power. So in reality the economic news was bullish.
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