It’s above my pay grade to predict if this bear market is over and if there has been enough damage to markets and sentiment. What I do know is, when narratives get one-sided and skew to that narrative gets extreme, even a tiny catalyst that’s unexpected can make everyone, including the computers, run for the exits all at once. We had a slightly better than expected CPI print last week which was received as a positive for asset prices, negative for the dollar and interest rates because weakening data could keep the Fed from staying on its most aggressive path to fighting inflation. None of us know what this path will be but sometimes, just a little spark is needed to get a selling strike, wicked short covering, and a buying frenzy all at once. And this is what the end of the day looked like. I’ll take more of these please.