Inflation Runs Hot but Markets Take It in Stride; Poor Bond Auctions and Bank Earnings Startle Investors

Consumer Price Index (CPI) for September came in hotter than expected, but markets took it in stride.

Auctions of long-term US Treasury bonds this week have gone poorly, underscoring issues with supply and demand.

The auction of 30-year Treasuries on Thursday was especially weak, leading to a market sell-off.

Major US banks kick off earnings season today, likely showing gains from higher interest rates.

Equity markets remain uncertain and volatile, with tech stocks showing slight gains on Thursday while broader markets declined.