SPX
IndicesNudged to a fresh high after the soft inflation print — the whole US tape reads a cooler CPI as ‘the Fed can ease’.
- Today+0.8%
Soft CPI; rate-cut odds rose, breadth improved.
- Wed−0.5%
Pre-CPI de-risking; nobody wanted to be long into it.
- 3 wks ago+1.6%
Blowout jobs report read as ‘soft landing’.
A +0.8% day is a solid-green day.
The S&P's typical day is inside ±0.7%; 0.8% is a real move for the broad US market.
When US inflation surprises lower, what actually happens?
Across the soft-CPI surprises since 2023, the S&P rose the same session about 7 times in 10, the 10-year yield fell almost every time, and the dollar weakened. The reaction is real — and it's usually spent within a day or two as the cut-odds reprice.
Illustrative prototype data. Boredfolio explains moves and lets you practise with fake money; it does not recommend trades, and it will never tell you to buy or sell. Nothing here is investment advice.