Dow soars at opening. Now up 900.

[Tomconroy]

From CNBC:

The Dow Jones Industrial Average jumped 764 points, or 2.3%. The S&P 500 jumped 3.7%, while the Nasdaq Composite surged 5%.

The consumer price index, a broad-based measure of goods and services costs, rose just 0.4% for the month and 7.7% from a year ago. That was its lowest annual increase since January. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected.

“It certainly shows how much the markets been keyed about, worried about and wants to run on CPI if you get any sort of help here,” said John Briggs of NatWest. “It just brings up the idea of peak inflation, peak Fed...The Fed will slow and peak rather than continue to aggressively hike at 75 basis point as at a time.”

[louis-t]

1. Funny how the media keeps breathlessly reporting

stories from market talking heads about how Dems are "bad for the stock market and the market will crash if Dems win both houses." The market has ALWAYS done better under Democrats. Always.

[Johnny2X2X]

2. 2022 set up perfectly for Reps

And they bombed out because they are extremists.

2024 will set up perfectly for Dems. Economy will be blazing. Inflation will be in the past.

Reps needed to win big in 2022, because they know they're in for a beating in 2024.

[Tommy Carcetti]

4. Unfortunately if House control goes to the GOP, there will be some pushback there.

So it's not all smooth sailing for Joe and the Dems.

But it is far better than a Red Wave scenario.

[bif]

3. And the Nasdaq is kicking ass as well.

Last I looked it was up over 5%!