Fears that the CPI number would be higher than expected had some convinced that last week’s market selling could resume. By the time the market opened in New York, the S&P futures were back to 2645 and closed Wednesday at 2696. During the market decline in early 2016, crashing crude oil prices and a slowdown in China had some concerned about the health of the global economy. The new high earlier in 2015 meant that the pullback in late 2015 and early 2016 was just a normal pause in the uptrend. Therefore, each monthly report should be viewed in context of the previous reports and overall trend, not as this week's reason to panic.

Source: Forbes February 15, 2018 20:26 UTC