CPI highest YoY Since 1982!

Settles 3/9/2022 and NQ and RBOB reversals

Headline CPI came in at +7.9% YoY. This is the highest YoY since Jan 1982, here is the chart courtesy of Bloomberg:

This has equities reversing some of the move from yesterday but with the specter of a hope and peaceful resolution to the conflict and a renewed vigor of government stimulus in the works, (never waste a good crisis to create some more money) it seems some of the excess buying in equities and has reversed course a bit from yesterday.