Today's Note | Oct 13, 2022

The inflation report is out.  Headline +8.2%, yoy.  Core +6.6%, a new yoy high.  Highest since 1982 when it hit +9.3%.  

Futures were up going into the report and then tanked following the hotter-than-expected report.  At the lows, the markets were down over 600 points.  A couple of hours into the session, the markets have recovered all of those losses a…