The inflation scare amplified by CPI data caught the mainstream off guard, and the S&P 500 made no attempt at the opening gap. Both the VIX and put/call ratio sharply rose to levels unseen in quite a while while volatility remains well below the late Jan, Feb, or early Mar spikes, the options ratio...

https://www.valuewalk.com/everything-going-down-the-inflation-drain/

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