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| Economy |
| CPI: Inflation eases slightly: goes Stock Market nutzoid UP |
| 2022-11-11 |
| [BLSgov] Month over Month CPI All U +0.4 Month over Month CPI less Energy and Food +7.7 Year over Year CPI All U +0.3 Year over Year CPI less Energy and Food +6.3 on the hope that this wiil restrain interest rate increases Dow 30 up over 3% NASDAQ up over 6% |
| Posted by:Lord Garth |
| #6 The fundamentals suck, and haven’t changed. Exactly. Even for those of us who bought a house before interest rates started to climb and who have paid off our cars, food costs hundreds of dollars more per month, gasoline is doubled, and thank goodness it’s been a warm autumn because this winter’s utility prices are a frightening thought. |
| Posted by: trailing wife 2022-11-11 10:50 |
| #5 Paul Volcker had to ratchet rates up to mid-teens before Carter’s stagflation could be broken. We are nowhere near the end of this. When Nasdaq jumps 6% in one session, buy NASDAQ puts. It’s like Biden-Fetterman 2024: a no-brainer |
| Posted by: Billy B 2022-11-11 09:41 |
| #4 ^ This. The CPI is calculated according to "a basket of products and services" that does not reflect actual consumer behavior. |
| Posted by: M. Murcek 2022-11-11 09:21 |
| #3 This is a head fake. The fundamentals suck, and haven’t changed. PS the reported inflation numbers are bunk: their index undercounts the cost of shelter (rent, mortgage), which should be about 30% of the index. Account correctly for shelter, and the true inflation rate is double digits. No way Powell can rein in inflation when the fed’s rate is barely HALF the true inflation rate. This little bubble will burst soon enough. Buy NASDAQ puts. |
| Posted by: Billy B 2022-11-11 09:18 |
| #2 /\ Of course the leftest media leaps to the fractional 'Easing of Inflation' as the reason for the bump. Run Herschel, RUN ! |
| Posted by: Besoeker 2022-11-11 08:15 |
| #1 ...My 401K this morning looked like somebody had hit it with a set of defibrillators; best 1 day gain in about a year. Mike |
| Posted by: MikeKozlowski 2022-11-11 08:10 |
