CPI Notes + PPI
CPI Notes + PPI
More lies but more profits...if you pay attention.
The article of the week if out tomorrow, you can read all of the archived articles here.
CPI came in at 2.5% today but it’s not the number that I care about so much as what the other numbers are. Primarily because I share one view: that inflation is not coming down anytime soon and only accelerates as the Fed cuts here in September. .
Car Insurance Inflation: 16.5%
Transportation Inflation: 7.9%
Homeowner Inflation: 5.4%
Rent Inflation: 5.0%
The car insurance one is insane. We’ve all felt it and that only takes away from discretionary spending as we go forward which is a problem. We’re so far away from even seeing real inflation come down and you have a White House that gaslights the uneducated that it’s coming down - I have to be careful what I say on this blog, I guess I used the word degenerates in the past and it offended a few people…and to those that were offended:
I’m not Dave Ramsey and this blog isn’t for everyone. You should be upset by this clown show that we’re witnessing right now in capital markets because it affects your buying power and overall quality of life. If you’re not, you’re not paying attention.
I wake up each day and try to ignore most of it while capitalizing off of it the best I can but inevitably the data comes out and it just gets me heated again.
But you no what doesn’t get me heated? Making money.
I love that more than I dislike these central bankers.
The LongVol chat has done well today (and all week) with that trap on lows to rally.
We have PPI tomorrow - and I am certain that whipsaws things a bit so I wouldn’t be surprised at a larger rally only to see us reversing the range.
The key (and it really always has been) is being nimble - booking gains, reversing positions and staying in the flow.
The article of the week is out tomorrow.
Good luck on PPI.
Dan
📘 Want more of this? Read Trades v. Investments
🕝 Get the TLV Report & AST Alerts Get a Free 21 Day Trial
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investments. Any such solicitation of an offer to purchase interest will be made by a definitive private placement memorandum or other offering documents.