Wow!  Humungo move on the decent inflation report.  A much higher probability of a soft landing is now being priced during the most wonderful time of the year for stocks.   

The Russell 2000 was up a stunning 5.4 percent on the day, though only the 27th most significant one-day move since 2000, and look at that multi-year underperformance.  We suspect any new discretionary money being put to work into year-end will have the name Russell.  Small sector swamped by a burst of buying pushes the Russell north, in our opinion.  And it is just that, folks: an opinion.