Let's keep this short and sweet. What's going on team we're going going to be talking about the producer price index report. That is set to be tomorrow. One hour after the market opens now again we definitely do not have to do this.

But we live streamed. The cpi. Which is the consumer price index today one hour before the market opens. I am willing to do it as well if you guys want me to i just want enough people to show up.

I asked my learn plan profit team they were all about it now i'm asking you on youtube. If you want me to live stream. And again it is early one hour before the market opens just get this video to over 1500 likes i just want to make sure enough people show up. But i wanted to actually break down what exactly happened today so the cpi.

Which is a consumer price index report was released today. We were preparing for this and we we knew that most likely june was going to see a rise. Right this is where we're talking. About inflation was previously at 86 the expectation was at.

88. Percent it reported and came in at 91. Percent. Obviously worse than expected a higher inflation rate than before and the highest that we've seen in the past 41 years.

With that being said. The market. Just tanked now. The market was down about seven to eight percent uh for the triple level gtf tqq.

So the actual nasdaq was down about two to two and a half percent nothing nothing too too crazy and then all of a sudden it began to recover. And it made a full recovery back into the green at one point. It was back in the green. I think like one and a half percent and then leading into market close the market began to sell off it's down about two percent overall on the day for tqqqq.

Which means that the nasdaq markets actually down less than one percent. On the day based off of how bad the cpi data report was i don't think the reaction. I mean the overall performance of the market was that bad today. Now.

What is the producer price index and why is it important. This is what i want to keep very simple and you can let me know in the comments section. If i did a good job explaining this the consumer price index. Which is the cpi that was released today obviously that's the inflation that we see as consumers people like you and i the producer price index just focus on the first word producer.

It's the people that are producing these goods and services. It's actually the inflation that they see on the front end before it even gets to us as consumers. So why is this important in the most simplistic way. The reason.

I see this to be a value for people and investors like you and i think about it if the producer is seeing an increase of inflation at their manufacturing cost. And we can see this based off of this report for the ppi right then that means that in a couple of months as a consumer right because it's a domino effect. If the producer is seeing an uh increase of inflation. Then that means that a consumer should expect to see an increase of inflation maybe in the months that follow so by being able to have a better understanding of what producers are either seeing in inflation.

An increase or decrease on can give us a better edge on where we can then kind of expect cpi to be so again. The really exciting thing about this is that they also have seen you know the ppi begin to slow down at the rate that it was increasing and if that means that producers are seeing a decrease at the rate that it's increasing then that means that hopefully cp and i i'm sorry cpi can also see that slow down in the up and coming months. And the reason that's encouraging is because everyone continues to talk about energy and oil prices and food prices energy and food are the two sectors that are not included in core inflation. And the reason that they are not included is because the federal reserve by raising interest rates cannot control the prices of those two goods right they cannot control the prices of goods.

They cannot control the prices of energy prices so with that being said. It's removed out of the core inflation formula. So core inflation for the three consecutive months. It's actually seen a decrease.

But because oil prices and food prices are so expensive. We still are seeing an increase for overall inflation right and that's what gets us at that 91. Percent. That we were reported today the thing.

That's encouraging is as of mid june going into july we have seen oil prices and oil futures begin to drop the great thing about this is again it's all about forecasting and expectation. If we see that oil prices at the pump are beginning to decrease. Then that means that inflation in those very weighted areas are beginning to come down. And if we see that oil prices begin to come down.

Then that means that hopefully the rate of inflation also begins to slow down and hopefully for the month of july and or august. We we can report an actual decrease in those energy sectors that have been such a negative or just have caused so much negative weight to the overall inflation rate same thing for the uh producer price index the highest sectors that have seen the highest rate of inflation. You know obviously is food and oil uh. The reason.

I just wanted to make this video is in preparation to tomorrow's livestream. I want you guys to understand what we're talking about so. All this really is is we're just trying to see or this report. All it's going to tell us is what the inflation is for producers.

We're the consumers. That's what the cpi is for that's why that's always more popular because it's what the cost is for us. But for investors right especially if you're trying to set expectation for the future. The ppi can be a very useful tool or rapport to stay on top of so.

Then you can have a better understanding of what to expect for cpi as that is something that you know tends to follow or be influenced by you know obviously the the production or the price of production. Which is again being able to understand the inflation with that so i wanted to make sure that i uh break that down and again. I'm excited if you guys want me to i'm going to be checking my phone to see if this video gets over 1500 likes and if it does i'd be more than happy to see how how the overall market reacts. If you have any specific questions that you would like to ask me about cpi or ppi please i know that it's a confusing topic.

I want you to know that there's not there's not one question that's too simple so as long as you tried to google your question and if you still cannot get it send me a direct message on discord or send me a direct message on instagram so if you guys refresh this video in the description. You guys should be able to see the first link is my free discord chat. It's free. We have over 45 000.

Members. And you can direct message me at any time. And it's a private message. If you want to message me that way you can also feel free to message me via instagram and that's that third link in the description friendly reminder.

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And the team uh next to the tech. But hq and that should be around august 23rd to august 25th so again if that's something that you would be interested in just head on over to shoptechbudscom and click on the staycation giveaway to learn more about the details. So i really do appreciate you guys time. Hope that i earned your thumbs up please.

Consider subscribing. And like always. Let's make sure that we end the year on a green now take it easy team.