Welcome back to another CPI video. Today is obviously a big deal. It is the CPI video. We've been waiting for quite a while because, well, it's in four minutes.

Actually, it's in three minutes Now the CPI data release comes out. Why is this one such a big deal? Because it might be what solidifies that. the Federal Reserve is 100% done. This is it.

This is what we've been waiting for. It hasn't been Jobs reports, it hasn't been anything other than CPI so far. That might change in time, But this is a big deal. Uh, we've got estimates on core that core right now is supposed to come in at three.

Obviously, any kind of softening of core would be desired. However, what we really need is a softening of super core, Which is not just good softening. It's not just housing. uh, softening in in inflationary impacts, but it's it's Services X housing.

that's going to be the big thing everybody's paying attention to. That usually takes a few minutes to actually get to the bottom line of. so we'll be going through the report in detail now. Keep in mind right now: Wall Street Especially Morgan Stanley Goldman Sachs They are completely divided in terms of how quickly the FED is going to cut rates.

They're not debating whether the FED is going to cut rates. They're not debating if inflation is going to go down. They are debating how quickly is the Fed going to go down. Now, this is a very interesting debate, and CPI reports like the one today will help shape that debate.

Consider this: Morgan Stanley believes that the Federal Reserve will cut interest rates to 2.375% by the end of 2025. Goldman Sachs says no, it'll be 4% by the end of 2025, the FED says it'll be 3.9% UBS says it'll be 1.75% And so even though there's some Divergence in what they think interest rates are going to go to, I'm going to throw this up on screen for you all. Look on screen right now. take a screenshot of it.

No, it's not a coupon code. Look at that core Pce inflation line every single one of them. Morgan Stanley Goldman Sachs UBS Federal Reserve All of them have core Pce basically at 2% 21, 22, 22, and 23 all with GDP Positive: No recession priced in. You got that below 2% below potential growth as J Pal says.

however, UBS has unemployment going a little higher up to 4.8% I Think what you don't want to see, what you really want to see is like the lowest interest rate and the lowest unemployment. But this is a fight that's going on in Wall Street right now and the reality is, today's CPI report will help us understand the direction of which one of these realities is most likely. so we're 15 seconds away. Um, here we go.

Thank you so much for being here. If you have any suggestions in terms terms of what kind of content you'd like to see, it's I'm trying to figure it out, Leave me a comment down below. uh, it's live streams tend to lose Subs uh, but I Like doing them. So all right here we go.

Okay, Core comes in soft at 02. Let's go. Let's go. That's great CPI Month over month was expected to be 0.1 comes in at 00.

Core comes in at 0. 2 versus. 3. Let's go.

That's oneth less than we expected. a 10 basis points less. Let's go. That is great CPI Year over year coming in at just 3.2 That's also oneth lower than expected.

And on top of that, we have CPI Core year-over-year coming in at 4% versus the 4-1 expected. Everything across the board 1110th lower than expected. It's absolutely fantastic. Look at that freaking green Candlestick on the cues.

Let's go. Oh, this is perfect. So many people panicking, uh that uh, inflation is not going to end up going away. that that uh, uh, that there that there really, uh, will be some sort of resurgence of inflation I Didn't want to bring it up.

uh, because I I Thought it was kind of crazy, but uh, yesterday I Watched somebody say mortgage rates are going to go to 19% I'm like, bro, are you out of content? What are you smoking? Where? where Where in hell are you getting this kind of stuff from? Like it's just it's just Insanity absolute Insanity So anyway, okay, let's go through the CPI report. Let's figure out what this super core is. It's going to be a big deal. It's going to take a moment for us to get through it.

Uh, Stock soaring S&P Futures up 0.9% Consumer prices lower than expected across the board. Uh okay. let's get into the actual report. Got it.

Live right here. Let's go. Come on baby. Where is it? 3.2 Let's go.

Index for Shelter continued to rise. What index for Shelter continued to How the hell did prices go down? then? What? Uh, okay. wait. so energy index fell two and a half because it's rigged.

Is that what? I'm hearing. Oh my gosh, everyone's so jaded. I Get that dose too. Okay, I'm also a little jaded.

I'm not that jaded. But anyway, energy index fell. okay. come on baby.

Here we go: The Food Index: 3% October index for Food at home3 I Don't Care index for all items, less food and energy. There's our core after rising. 3% in September indices which increased in October included rent owner equivalent rent Yeah, but by how much motor vehicle insurance, medical care, recreational Personal Care Uh, Indc's for lodic away from home used cars, trucks Communications Air fairs decreased Okay, uh. let's see the big ones here.

Shelter: Oh, that's not a big deal. Three? No No no, that's okay for shelter. Three Right here. That's totally okay for shelter.

Damn it. What is it with this Transportation services? 0.8% It's we. We need that down, man. Come on.

Medical Care Services: 3% Still a little hot. Uh, but we we have housing3 That's okay. that's that's uh. we're trying to get that to roll over and it's down from that insane 6 we saw.

Look at that deflation there in cars. used cars down8 new vehicles. 0.1 To the downside, we have, uh, we need to get the we're going to get the full list here in just a moment. Uh, let's get some of the other items here as well as wall.

Street's reaction. Okay, uh, let's see. uh CPU 3.1% over the last 12 months. That's fine.

Okay, let me get some of the other notes: Here Only eight among 65 forecasters anticipated 0.2% People like I've been so clear on this channel. I I'm I'm convinced, uh, that inflation will be gone I'm not so worried about that. I'm much more in the the deflationary camp like uh Kathy Wood uh okay, let's get the all items over here. and that's why you know people think I'm a Madman for setting myself up for you know, with with uh, interest rate sensitive stocks like uh, Tesla or Nase along with the chip sector I I think I'm positioning myself for a very fruitful future next decade.

Uh, anyway, so uh, let's get into some of these services. So we're going to start at the bottom is what we're going to do. Uh, keep in mind that the chart or the line we're looking for is far right Sep 23, October 23 Okay, uh, now we go over here. far right? What do we get? We have uh Financial Services 3% We've got dry cleaning down .7 That's fine.

Legal Service I'm just looking for anything that's possibly exploding over here. 0.2 on legal service is fine. Miscellaneous: Personal Care Look at that. Thank God Look at the last two months.

0.9% and 0. or 1.1% That's very, very bad. But what happened this month? Boom baby! down to 0.1% Let's go. Personal Care Services: I'd like to see that lower than 04, but I'll take it other personal care services.

The whole average of all that crap .3% good. Uh, let's see here a negative. N% on Postage and delivery. we've got uh tuition Educational Services flat.

Thank God Recreation Services 02 That's great. There's okay pet services including veterinarians. One thing I know about Americans is y'all love your pets and I love you for that. Good for you.

Uh okay, we've got Recreation services here. 0.1% you've got Airlines negative. n Public Transportation Uh wow. Okay, 0 Z over here.

Okay, that's interesting. so earlier, that's not what we saw. Hold on, let's get some color on that and then I'm going to get wall. Street's reaction here.

Car and truck rentals negative .1: uh we've got 0 2% motor vehicle. There it is. Transportation service is 8% I don't like that one. that's a hot one because it's also a a 6% weight.

see that number I highlighted there on the left. That is the weight. Uh so I want you to compare that for example, to air fars? Air fars is 0.5% but the entire basket for transportation services is 5.9 and that whole basket went up 0.8% I'm still trug struggling to understand why it looks like it most mostly hear Motor Vehicle Insurance The problem with insurance is it's very lagging like that is, that's not a leading indicator of inflation. It's a lagging indicator because Insurance costs go up and then they raise rates.

See here's health insurance. That's not a surprise to see. uh, pain in these numbers. Hospital Services up 1.1 That's not so fantastic.

We'd like to see some softening here, although these have been playing catchup as well. Moving negative: 3.1% People ain't moving out of California anymore. Water and sewer and trash collection. Three Fine Rent of shelter.

Three Okay, this is that's good. We want to see this rent of Primary still stuck at that 0.5 still waiting for that rollover. but it's You know it's it's coming as it crosses the year-over-year numbers. Uh, and you look at the rent uh uh charts, we're we're already.

We've already rolled over from, uh, some of the insane high levels of rent increases. It's just a matter of finishing the job there. Uh, 8% There are used vehicles you've got. Uh, let's see here we get into apparel and some of the goods.

I'm honestly I'm not so worried about the goods virtually at all. So okay here. of course. the irony here is the more financial services.

uh Financial Markets rally on hopes that the FED is done. The more markets will undermine the Fed's efforts. Uh, maybe it depends what yields are doing. Two-year yields in the dollar plunged after CPI Okay, there you go.

Uh, 10-year treasury is down 13 basis points Right now. This is a big deal folks. Two-year basis point or two-year yield is down 14 basis points. That is a bull steepening bull steepening happening in the 102 yield curve right now.

Big deal rate Market Signaling that tightening cycle has effectively ended Uh 12. A mere 12% chance of a rate hike by January now and they've now priced in almost a full basis points. Uh, point A full sorry point. So in other words, 100 basis points of cuts by December 92.

The exact number is 92 Bips are being priced in. You've got, uh, shelter cost unexpectedly dropping from that 6% rise down to uh, the uh uh 3% that we saw it is. also. let's see here: getting I Can't believe only eight out of 65 got a point two, right? That's what I was hoping for was just just a tiny Miss I mean I said it even right before this I'm like just give us a slight Miss on that core uh and uh and people will be really really happy.

People will be like man, you should dye your hair green and I'll be like what hair? Uh, Anyway, so uh, you've got Nick T Commenting Downside: Surprise smallest annual increase in two years For the uh, year-over-year we're going to pull up some more. Wall Street Reaction here. This is a this is a very big deal. Uh, we're It's finally finally, finally happening.

Uh, thank God Uh, look at this downside surprise here: I Want you to see these lines here because I understand the three Monon can be volatile. We saw that bump last month and it created a lot of anxiety last month. uh and uh. you could see the longer term Trends here are just very very clearly down.

Uh, you've got UK guilts by the way. also falling. that's those are their bonds to the to the lowest Uh level on yields. Since mid June the Euro has just risen to the highest level since September 5th the dollar is plummeting.

essentially. remember the dollar. It's very simple. Okay, dollar, stay high when rate high.

Very simple because you make more money on your yield on the the best country in the world. I Know some people are like I don't like politics s you know the country sucks. we're the best of the worst. Okay, so honor it.

Uh okay. let's get some more here. Uh, car insurance costs continue to rise up one 1.9% Again though, lagging here uh core. CPI averaged 3% over the past three months 3% Keep in mind is U an annualized change of 3.6% When we look at a 0.

2% we're actually at an annualized gain on Core of just 2.4% This is, uh, really, really nominal. Uh, remember folks, this is what we started this video off with with you will be seeing these sorts of numbers Uh, revised here. These are the numbers that, uh, that, uh, people are going to be pricing in Uh so uh JJ Benjamin Here $ Five says content idea breakdown what investment environment may look like in the next 12 environments and how to pick Securities man I Already done that dog. No I'm just kidding I mean I think I've allocated myself for the next 12 months.

Uh, but uh, you're you're right. You know that that it's not a bad idea to break this down in more videos. Uh I do want to do more uh, built out edited videos. Let's just be very clear about that.

I don't want to keep on CPI coverage very clear quickly it when I do live streams and I don't know what to do about this. Okay I Love doing these live streams. You know what? Look at this button I made you ready for this button I think it's this one. Hold on even though I'm a licensed Financial No, not that one.

This one. Just close the door. Close the door. All right You hear that Bears.

Did you hear that Bears. just close the door, close the door, turn it into a button. uh I Love doing this stuff. It's the problem is uh, whatever the YouTube analytics are, they're like your channel gets punished when you do them.

So every time you see Kevin live, just think he's getting punched in the face to be here by the YouTube gods and it sucks. You know, maybe they don't want us to be live I I I don't know. uh so it's it's easy to say oh, just go live but then at the same time you kind of see pain that's associated with that so that's very hard. uh and then you know if I do a longer, more built out video, those do well.

but but then I'm bringing less quick content so it's it's very challenging obviously. then you know uh I'm running house hack and and uh, that's uh, there's a lot of work in that. but anyway, Let's uh, let's keep going here. So uh okay so um, end up pointed out the use car prices fell 8% after 2 and a half% drop in.

September Some economists had expected them to rise due to the now ended worker strike, but they didn't actually rise. That's also very good news. I think you have a lot of uh pretty Blown Away people here on these numbers here I'm looking for still looking for super core? Yeah, that's we could. we'll get that in probably a couple minutes here, but that's going to be a big deal.

Oh, here we go. it's just out. Okay, Super Core, just out. Let's go.

Let's go snowballing. Uh, Super Core month over month with contributions. How the hell am I supposed to to read this? Where is the damn number is that .9 No, that's Transportation services. Where's the damn average? Super Oh there it is.

0.21 Bro, That's nothing. Oh thank God Super. Oh thank freaking God Super Cor is a win. Boys and girls, it's a win.

It's a win. You don't cancel your life insurance. Go To Metkevin.com Unlife. Cancel Your life insurance.

Um wow. look at this and and it makes sense. But look at the white line here. Okay, this is Super Core.

It's very volatile. As you can see, it's very volatile. This data takes uh about usually about 15 minutes for them to compile. So that's what I always like to wait for.

But look on the right side here folks. 0 215. You know what that calls for. Gain the lead.

Yeah, let's go. So uh yeah. to 0215. That's uh.

that's nominal folks. If I Multiply this out. 215 * 12 I Get an annualized, uh, Super Core of 2.58% Who cares? 2.58% It's not a big deal Services Usually runs hot out of out of inflation as a basket like I Want you to think about that inflation as a basket. Even in a normal environment, Services will generally outruns.

Goods Goods are usually the things that fall first and and for the long term, we are going to face negative interest rates in the future again. I Know that sounds insane for people to hear, but remember that's where we were before coid we were facing negative interest rates. We will be back to that. Mark your calendar by uh uh, by 10 years from now.

Mark your calendar 10 years from now I Think we will have 30-year mortgage rates at 1.8% and if you didn't get your hands on some real assets like stocks and real estate, you're' be pissed because every like I'm not here to say like the dollar is great and the system's right it Ain You just have to protect yourself in it and get some real assets. Uh so anyway. Okay, good so uh. real average hourly earnings? Uh, this was an interesting read though.

Real average hourly earnings coming in at 0.8% Now that's actually fascinating because a big concern a lot of people have been having is that the economy is going to crash because real wages will plummet. But real wages actually went positive and that's a big deal. I Want you to understand real wages how that's calculated right? It's it's simple. It's basically wages.

Wage. Wage growth. Uh, let's so we'll type it in. Nominal wage growth is the proper word.

So this is like without any kind of inflation adjustment. How much money did you make more in dollar terms Minus out inflation. When that number's positive, you get what's called real wage growth. That is a big deal to prevent the economy from going into a recession.

A lot of people are extremely worried about wages rolling over and people getting fired and unemployment skyrocketing as they freaking should be. That is what will drive us into a damn recession. We are screwed if you get heavy unemployment because it just reverberates through the entire economy. But businesses small, medium, and large right now are holding on to their employees because they don't want to lose good people.

It's been so hard to get good people. So what do we have right here? Look at this. This is actually a win. You ready for this right here? Uh, during, Uh, the Postco? What do we have here? Here's 2021.

H When inflation started skyrocketing. Oops, There we go. over here, you could see we're under 0% This is negative. Real wage growth right here in the corner, right? This is negative.

Real Wage growth. This is a problem. This is not good. Uh, however, that just went positive over here in.

May. Uh may Jish, We finally went positive on Real wage growth. We're at 8% on this chart now. This is good.

This is a very good thing. We want to see this positive. We want people to make more money than inflation, so otherwise they start revolting as they should. It's a piss.

uh you know, pisser. Uh okay. can't be long before the Goldilocks reaction notes start arriving in my inbox. Oh uh yeah.

Goods deflation Uh, let's see with prices Falling by 0.1% after a0 4% decline in September well no duh Goods deflation is here. People can't sell crap like I We do this in the course member live stream almost every single day. uh which we brought back Mo a lot of the archive for that. We're still un like bringing that back so sorry those got privated.

that was a mistake. but anyway uh the we we cover this almost every single day. We go through these earnings calls and we're like these companies are saying they are cutting prices. They're not saying uh, they are.

They're still able to raise prices substant eventually. I mean me? Certainly in Aerospace Yes yes in ski resorts but that's like to be expected and a little bit in like the like. the Chipotle and McDonald's because of the wage increases, but they're doing that mostly out of politics. But anyway, that this is an unambiguously dovish uh set of CPI readings you've got uh Surge and financial assets is unsurprising.

Japanese Authorities will be glad to see this number means a little uh, relief from the selling pressure on the Yen people sell the Yen This this is a cultural thing. Okay, it's not just economical Japanese people like the dollar, we hate the dollar As Americans But Japanese people painting with a very broad brush. Here they like the dollar. They like the dollar a lot more than the N.

But as as rates fall, the dollar becomes less attractive. Bar for future rate hikes is getting substantially higher at this point. Maybe done duh. Uh.

Shelter still contributed upward pressure. Still waiting for that to finish rolling over duh on a monthly basis. Energy cost, core cost provided some disinflationary pressure. Finally Apple Prices tumbled the most since 1987.

They slid 7.8% in October from the previous month. good Lord Atlanta Fed now GDP Still coming in at 2.1% I Want to see what's happening? With those inflation expectations? they absolutely be plummeting. This is going to lead. If we can stay on this trend, we'll have a good Christmas Everyone Uh uh oh, you're not allow to say Christmas anymore.

Whatever. H Oh yeah, Oh yeah yeah. All right here. Let me pull these charts up for you so you can have them: Fiveyear Break Even Fiveyear forward Break Even Standby standby there's Morgan Freeman All right here we go.

Uh Bitcoin just went positive. All right here you go. This is the uh. Fiveyear Break Even This Is this is what the markets think inflation will do over the next five years.

As you can see, we were trending up there for a while. This is why we had stock pain this this uptrend over here finally. Uh, seeing that kind of settle out to almost an average within the year if you kind of draw. It's not as low as we've been during the post banking crisis AI time, but certainly coming down and then the fiveyear forward.

Which means where do we think inflation will be five years out for the next five years? we are. Also, you know if I if I put the average of for the year, it probably be like right around here so still a little bit above that average there at about 2.3% but nice nicely. Mve down here very nicely moved. Yeah Jr Talking about the FED targeting 2% uh, you know, maybe a core? Uh, keep in mind as well, the Federal Reserve has focused on an average of an inflation Target They just haven't brought that up yet because so far they haven't needed to.

They don't want people to think that they're going to end up softening their stance. they will. Oh, they will. massively uh.

Fed Real Funds rate. Let's see here. Yeah, okay okay as the FED Real Funds rate Rises This occurs as as inflation comes down, it basically means the interest rates we have are tighter. Uh, and Jerome Powell Wanted this to be like my understanding was positive.

like 1% It's sitting at like 1.9% right now. So the higher this goes, this real Fed Funds rate? uh the the uh the the um more tightening you have. uh, some say they've been trying to get to 2% which is basically the trajectory we're going towards as inflation keeps falling. This will naturally go to 2% without the FED raising rates.

and the suggestion is that the FED will cut 100 basis points so 1% to get back to about 1% of tightening by the end of 2024. Uh, so that's uh, that's the uh, real Fed Funds rate. That's how much pressure we have in the economy right now on a real basis. Uh yeah, boys and girls look at these numbers.

oh where's the green hair? Uh, 4.5% after 4.2% yesterday on Tesla Oh, where are all the Bears saying it was going to $69 Oh oh, it's probably sounds like uh, like like sadness for them. But anyway, uh, you've got the Qqq's up 1.7% Tresk is even getting some of the love here. Hell yeah. Of course end Phas is going up 5.3% It's one of the most interest rate sensitive stocks here.

You in order for you to hold end phase right now, you have to believe rates are coming down and you have to disbelieve what the Bears are saying that rates are going to I'll tell you that this idea yesterday that somebody would have drawn on a whiteboard and said hey, here's this long-term uh hiking cycle or uh, interest rate cycle and and if we draw an average and the trajectory is this, we're going to go to 19% mortgage rates. What foundational logic is this remotely? it's not I like I'm I'm really getting disappointed in some of the Bears like I really I really want you to come out here and spank me with some good facts but I've been so like sad because I do all this research and then I'm like this is it's like I I can't cover some of this so I just don't I'm just like I'll just I'll just I go bu es uh you know I'll I'll show you one I'll show you one Okay and look, this person's nice. They're a nice person. okay uh uh but but I'm tired of their uh you ready for it Here it is.

uh so so here it is. uh oh I gotta plug in my stupid phone because it's on Twitter I still call it Twitter call me a boomer then I don't care you enough comments All right? You ready for this chart? All right? This stuff just I It just drives me nuts. Uh, okay here we go. All right, ready here.

Uh, so you've got. Um. warning Bank Credit has officially entered the contraction territory. Uh, this is H it says here.

Uh, we've got uh. After witnessing one of one of the sharpest drops on record since 1974, this has happened only one time during the 2008 financial crisis. Back then, this indicator contracted to levels as low as neg 5% at the current rate. credit.

The a credit event is just a matter of time. It's basically saying hey everyone, we're screwed because this chart is going down. Oh no, this is terrible. Uh Kevin How How could you possibly turn this into something bullish? How are you going to be able to do it? How are you going to be able to take your stupid bullish bias and tell us that everything is going to be okay? You want to know how you really want to know? cuz look I want you to look at that chart really closely here I Want me see if I could turn it sideways? Yeah here.

if I turn it sideway. can I no, let me try this. Oh yeah. okay.

uh. it kind of duplicates there. That's a little weird how it does that. Oh, that's annoying.

Oh here. split off. No. All right.

whatever. you could see the chart. it's on there twice I Know, but people be like Kevin How how are you gonna turn this into something bullish? It's really not that hard. really, not that hard.

The first thing that you have to do is you have to go to the source of the data. Okay, stop paying attention to these charts. You want to know why that's bullish. It's right here.

It's right here. folks. When during the 2008 crisis was that number negative? could you please look at this freaking chart and tell me when the number went negative? Okay, because they just told us they just told us that during the 2008 Financial crisis was the last time this happened. We were about to witness a credit event because it's quote.

just a matter of time. And then all the comments. All the comments are like oh no, we're screwed. What does this mean? Should we sell everything? Oh no.

And no idiot is actually going to the damn chart and when you zoom in, it's not that freaking hard bro. It was that negative after the market bottomed. In fact, it was that negative six months after Market's bottomed. Are you kidding me? This chart's basically telling you the bottom was last year because look, the pity.

Bottom was October of 2009. The stock market bottom in February of 2009. The stock market bottom right there where my mouse is. The negative was already in the bull cycle.

Okay, big deal. it's negative. Over here. You want to look.

You want to look at it from a different perspective. Let's go to change in billions of dollars. Okay, Oh my gosh, Look at the chart. That's the turnover you're seeing right now.

Who freaking cares. Zoom in on this. Oh my Gosh. look.

This right here was Pandemic level. See that 14 right here. $ 14 Trillion Dollar. Move my mouse over here.

That is where we are all of this Above my mouse. This entire region, right here is all the extra fat. All the extra credit. Oh my gosh, It went down by $200 billion and therefore it's slightly negative.

Who freaking cares? It's still three trillion larger than it was these. These charts are such a lie and PE people are just straight up lying uh to to make content and it's one of the reasons I'm like I I I I just I I'm frustrated because like I I try my best to just provide. Like here's the reality of what's actually happening and truths and uh uh you. The only thing that uh, really seems to get lots of views these days is uh, the Fed's great reset, the housing market crash.

the biggest bare news ever is coming and they put up charts like this and they get a lot of views and I'm like this is such garbage. uh and like I can't I can't support these narratives. uh just to get views or Subs because it's a lie H Anyway, so uh, Carvana up eight% right here. Still can't believe they surprise survived BK burning their bond holders but they pulled it off really well.

Tesla up now 5.3% Nas up 5.7% H What's losing right now? I'm kind of curious about that. What's sucking right now? Fisker Uh well yeah, because they're probably going to go be K That's no surprise. Uh, we want. let's see here.

Canadian Solar You can't sell solar panels right now. That's not a surprise. Uh so new EG 7% allette 5% Oh, they ran yet today. Look at that.

28% today up to 644. Uh, did they end up getting their FDA approval? Let me see here. Uh Outlet FDA uh FDA clearance Wow, they got it. The Noo: FDA clearance for Dream So five days ago damn boss, that's amazing.

So uh, then you've got next door 63% To the downside? Okay, that's no big deal. Most things are just straight green right now. Uh BTC Take a quick look at BTC Remember folks, you heard it here. First, the future of uh, Crypto is going to be uh, many, many, many Crypto ETFs and the ability for people to uh, uh, automatically rebalance much like the spy uh in the uh these ETFs QQQ Here, sitting 1.8% kind of slowing down a little bit there on its rally mode.

Uh, let's see here: Larry Whis head of Equity trading CPI Print suggests uh higher for longer might not be as long as some feared. Super Core is important. It's the gauge Powell has highlighted as he's watching to track progress on a monthly basis. Super Core stripping out housing Rose About a third of the pace of the prior month.

slowest increase since July soft Landing n Nirvana is hitting the tapes basically core Services less housing index down to 3.75% lowest since December of 2021 slowed nine out of 10 months I Mean these lines are straight down here. When we look at the charts, uh, yields dropping. This is going to be a big day for TMF You're down now 16 and a half basis points on the two-year you're down 13.8% on the 10. that's a bull steepening oil sitting at 83 bucks on Brent Little more expensive than where we had it.

uh, just here. Uh Rec Recently and about a week ago, we were down to 79. If we zoom out though, uh, we, we're certainly much lower than uh, than where we've been. Uh, over the past about uh, four, four or five months now, you've got Atlanta fed now.

real GDP Still sitting at 2.1% looking at uh, where? where are the Bears Today bears are gone today, uh, trying to trying to find a little bit here. More shelter cost now accounting for 70% of the increase in all items. Uh, remember this is 12 to 18 months delayed. 12 to 18 months delayed for uh, this shelter read: I'll pull up the shelter chart so you could see that pretty clearly right here.

uh Barkin from the Federal Reserve coming out suggesting the FED is making quote, real progress on inflation Bank of England says there's real progress or I'm sorry his line was significant progress on inflation. Let's go. Uh, eight Monon average from uh, it's usually an eight-month average from the last rate hike to the First Rate cut. So March uh Ross Gerber rep said tweets Inflation is dead.

Let's go. Uh I Oh, take a screenshot of this, will you? I'm gonna throw this up here I Want you to see the FED speaker chart? Stand by? This is A this is a good chart for you to have. I'll hide my face so you don't even have to screenshot it with me. Uh, here you go and uh, there you go.

Go ahead and hit screenshot right now. Get those uh, those speech times Uh, keep in mind those are Eastern so you'll have to adjust those to Eastern and October Payroll report and inflation report Both strongly suggest the Fed's latest rate rise was in or last rate rise was in July that's coming straight from Nick T that's basically as good as uh coming from the horse's mouth mouth right here Mike Wilson and Kovich from JPM Uh, there's a breaking news leaked photo of Mike Wilson and the Bears the Bear Camp right now Bear Camp right here breaking news photo leaked photo of the Bears and uh. all I got all I have to say is um, even though I'm a licensed Financial No damn it. I ruined it.

Just close the door, close the door. lost the lead. No. I'm pushing the wrong.

All right. All right. Okay, all right. So yeah, that's what we got.

All right, That's it. That's all that's all now. I'm gonna play the disclaimer because everybody in the comments like stop reading it, stop reading the disclaimer People are like oh, Kevin is the SEC coming for you l like No, not at least not that I'm aware of. But anyway, let's go ahead and read this off.

Uh and uh yeah. I'll go I'll go study the Bears Even though I'm a licensed financial adviser, real estate broker, and becoming a stock broker, this video is neither personalized Financial Advice nor real estate advice for you. It is not tax, legal, or otherwise personalized advice Tor to you. This video provides generalized perspective, information, and commentary.

Any thirdparty content I show should not be deemed endorsed by me. This video is not and shall never be deemed reasonably sufficient information for the purpose of evaluating a security or investment decision. Any links or promoted products or either paid affiliations or products or Services which we may benefit from I personally operate and actively manage ETF and hold positions in various Securities potentially including those mentioned in this video. However, I have no relationship to any issuers other than H act nor am I presently acting as the market maker as convenient, right? I Like that I Like that I didn't have to read all that crap.

just close the door. close the door.