CPI Down, Stocks Up

cool inflation and hot micron

Yet another delayed economic report came out today - - this time, the CPI - - and it was unexpectedly cool compared to expectations. Based on this encouraging news, bonds and stocks ripped higher, with the /NQ, for example, up almost 400 points before the opening bell.

This was aided in part by the earnings report from Micron (MU), whose own stock blaste…