Inflation Comes in Hot but Unexpected Moves Leave Some Traders Cold

It was a volatile trading session driven initially by inflation data coming it a big higher than expected. While we initially saw logical price movement in bonds and financials, by the end of the day, it was almost all flipped on its head in reverse and when the dust settled, Crude Oil /CL and the SPX (SPY, /ES) made fresh new highs. What's the update, what's the immediate trade, and how are we making sense of this today? Find out in tonight's video…