Market 03/14: CPI as expected, regional banks bounce strongly

Market has an extremely important relief rally today as small banks secured all customer-requested liquidity from yesterday, although using support from FED and other national banks. Yesterday's bloodied regional banks sector rallied strongly at the morning open with many stocks up 50% - 70% before starting to pull back during the day:

Most other stocks in S&P500 and NASDAQ also received inflows right from the open after the latest CPI report showed inflation, although still not controlled, temporarily not exceeding forecasts, and combined with major fluctuations over the past few days, may contribute to changing the FED's current hardline stance.