August CPI came in hotter than anticipated with CPI Y/Y rising to 8.3% compared to the projected 8.1%. Core CPI Y/Y also rose to 6.3% versus the expected 6.1%. Major market averages trade to the downside after a higher than anticipated Consumer Price Index report hit the market.
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Hey, what happened with "The Fed is not doing a jack sh*t" 😀 clown
Joe bidens America
Don’t know where I read this wish I could give credit to person. 50% of S&P 500 best days in the past 20 years occurred during the bear market. Another 34 % of the best days took place in the first two month of the bull market,. To risky to sell now opportunity was missed. Good luck to everyone.
This is just the beginning. Those with access to the triggers for the algorithms that manage trades have been warning us that this week, they had all the signs that massive selling was about to begin. This just adds to that selling pressure. Triple Witching Day is going to be interesting.
There is no inflation if you don't spend your money
Corporate profit margins are at all time highs, higher wages are not pushing inflation, greed is. Higher interest will not bring down food costs. food is a necessity.
This is the players learning how to game the game system. I saw no 2 – 4 wire AL SER go up 53% in one month. It's that they can raise it and call it inflation but it is not, it is we can milk every penny we can out of people. And for a time this will work. So they could raise another 500 points and it would still not affect the price gouging going on. Those that fund the price hikes at Home Depot and Lowes are also raking it in on flex loans. It's a win win. They just keep boosting both ends of it.
So…. Chicken Genius may prove to have been correct? Is it still too early to say his warning were valid? I think it makes sense to bring that up because while I know what I would like… dealing with the facts makes sure I don't get blindsided.
Profit margins drop only if companies don’t adjust their prices to compensate for their costs. Are their profits excessive and they can afford to loose profit margin?
Are you still bullish on Palantir ?
Month over month?
Trump always said to cripple an economy all it takes is outrageous energy prices. We are now totally oil dependent. The bright side is for those that voted for Biden, thanks because it allows me to by the dip. Lol
This is what happens when you make Government your "god". Instead of Liberty and Freedom. I hope it gets worst. I cant wait to see people actually for the first time see what they voted for. Most "Americans" (90% of them) believed in equality and egalitarianism. This is the trade off. You create a gynocentric society that recognize universal suffrage. You create a welfare state, took states and individuals away, and push for progressive BS. When they KNOW it goes against nature and our Founding Fathers knew this! This is why they wrote the constitution based on liberty and freedom. They listen to nature, they didnt ignore it.
Nevertheless, things will get a lot worst because the government is re (tar) ded like the people. And will try to "fix" what they created. THIS is the trade off, this is what equality looks like. People having the power to vote other peoples money XD. And now their money is about to be worthless. AHAHAH Poor people are Fked! They will get what they deserve! Your welfare state WONT be able to help you because the endless money printing cant go on like this. LOL The fire will spread, and once the fire it put out, YOU DONT REPLACE IT! You move on and learn from it.
The GOP have neglected infrastructure for decades so let the government spend on infrastructure we need it this country is a Third World nations crumbling everywhere
Base effects will come into play soon starting at Oct, CPI can’t keep up at the same rate as last 12 months.
Yep more evidence that Democrats suck! Spend , print, spend, print is killing us.
I really like your content but you made me laugh out loud during my weekly infusion when you muted Jim and said you didn’t want to hear from him :))))))
USA becoming Venezuela. …mkt downward. Bias thru 2024
$22/hr in fast food!!!! Where’s my hairnet and gloves 🤑🤑
cpi is laggy lets wait for the ppi
The pain never stops! I have been contributing 15% to my 401k with a 6% company match. I started that about a year and a half ago. My investing strategy is very aggressive. do you think this war pay off in the long run?
I always heard when you invest aggressively you are investing in stocks that perform well long-term.
Love the live shows
its polices… You can get paid the same to work at a gas station as a factory job around here were I live. What go dose working at a gas station do for the economy vs working at manual labor job. Jobs are going to have to find ways to use way more tech and bring back perks and pay to increase out put to slow inflation down.
I guess the “inflation reduction act” is giving the market confidence.
Let it crumble
Cant blame Trump bozo. Trump said open the country up a million times in the middle of Covid. He had no choice but to give Stimulus money. The Democratic Party fucked the us Americans. While we were quarantined they were out having fun!
So brandon print and now people need to be fired to bring inflation down
Gasoline prices are artificially low due to the government releasing strategic reserves. This will last until just prior to the mid-term elections.
Cathy woods thinks 3 months we will be 3-4%. Lol.
Yes fun n energetic community
Livent is up
Culture is not good for stable families.
Way to go Democrats. The folks you have running this crap show can't even tell us what the difference is between a man/woman. Inflation is racist!