"Rosenberg Criticizes Market's Reaction to Wednesday's CPI"

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Source: MarketWatch
"Rosenberg Criticizes Market's Reaction to Wednesday's CPI"
Photo: MarketWatch
TL;DR Summary

Economist David Rosenberg criticized the market's reaction to the hot Consumer Price Index (CPI) data on Wednesday, calling it "completely insane." Despite the 422-point slide in the Dow, stocks shrugged off benign Producer Price Index (PPI) data, with the Dow falling 200 points on Thursday.

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