Hey, what's going on guys, it's Ricky with tech. but Solutions with the Israel having an amazing Tuesday Today is June 13th and the inflation report is about to be released in six minutes. So let me go ahead and start sharing my screen so you guys can see exactly what it is that I'm looking at. Uh, we got NASDAQ up about 0.29 during this pre-market session.

We have six minutes left, so a little bit over five minutes before that CPI data report gets released 8 30 a.m eastern. Time Or if you're lucky like me, 5 30 A.m Arizona time. What's up? What's up? Good morning, good morning. Hope these are all doing well.

All right there we go. All right. So during the CPR or once the CPI data report is released, uh I will be breaking it down. Uh, just uh, have a better understanding of what exactly was just reported.

So again, for those that are unfamiliar of what the expectation is as of right now, we have an expectation or a forecast of one a 4.1 percent and we currently sit at an inflation rate of 4.9 percent. So um, according to that, there's an expectation of a 0.2 percent increase. So yep, I mean inflation is expected to go down. Um, you know, year over year over the past 12 months.

I'm sorry here we go. NASDAQ hahaha Okay, so over here on that Arizona time of course. of course. All right guys, we have a little bit, um, under three minutes left until that CPI data report gets released.

Uh, one of the things that I'd like to remind our beginner Traders is markets should react to and when this report is released? Uh, just again. don't put yourself in a position in which you cannot tolerate. And if you are in a position right now I mean you have a chance to either get out, add more, or stay cash, and you do it now before the report actually comes out or forever hold your piece, right? Uh, yeah, that's pretty much it. So if you just want to say what's up to Instagram Here we go.

Looks like markets trying to Gap up right before the report is released. There we go. We have about uh, minute and 30 seconds left before that report is released. So admit that you have no clue.

of course. I I can't predict the future I Don't think that's that's news, right? I'm not here to ever predict the future I'm not adhere to ever pretend like I can predict the future. So I don't know what your comment is insinuating, but it's kind of like common sense that yeah, no one knows exactly what's going to be reported I Just know how to read the CPI data report. That's all.

But there's flux All right. Yeah, that's all good. All right guys. Here we go.

We got 30 seconds left until that CPI data report is released. so we got NASDAQ up 0.38 As of right now. there it goes. Looks like it's already moving up.

We have 10 seconds left. Let's do a quick little countdown. 10 9, 8, 7, 6, 5, 4, 3, 2, 1. There we go.

See which way we go should we come in at there goes gapping up, gapping up, gapping up half of a percent. There it goes. 0.65 Okay, 0.7 percent. There we go.

Let's see what he came in at looks like in the month of May they Rose by 0.1 which seems to be less than what is expected. So we should be at four percent inflation instead of four point one percent. Uh, that is lower than expected. It's actually not gapping up as quickly as I think we would have expected.

House Core CPI it's not loading I Think the sites a little bugged right now. Is it loading in front of you guys? It won't let me pop it up. All right here we go. So overall inflation at four percent and then foreign came in at 5.3 percent.

So Core at 5.3 percent we have overall inflation at four. um, four percent. So again, expectation was 4.1 percent. So we did come in a little bit lower than expected.

Yep, there it goes. An increase of only 0.1 percent when the expectation was an increase of 0.2 percent I Thought the market would react in a more dramatic way, but it doesn't seem like it. This does I mean I Guess the Federal Reserve knows that they could only affect Um core inflation right? So let's look at that. Um, and there it goes.

Nice push-up nearly at that point. Seven five percent. Mark Let's see if we could hit that one percent. looks like Market's pulling on back again.

Could it have been factored in already? Possibly One thing again that we do want to remind you: Is that right? Market should be pretty volatile today. Sometimes it takes a little bit of time for the market to choose its direction, especially with you know how long it's been since you know, um, or we still don't really know what the Federal Reserve is is set to do right? Because if we have core inflation coming in a little bit higher than expected, but overall inflation coming in lower than expected, it's still uncertain. Um, what the um, what the Federal Reserve is going to do tomorrow, right? Because that's kind of the big question. It's how does this influence what the Federal Reserve is going to do? And there it goes.

It goes back to it: 80.3 Probability that the Federal Reserve tomorrow one day, five hours and 26 minutes should be pausing interest rates. So we'll see. Thank you for sharing the live today of course. Eric I Appreciate you taking time and joining me.

Um I was gonna um if it's okay with you guys I know we have a few of you guys here if you guys want me to break down that CPI data report. Um, just to make it super simple to understand, if you guys can just drop a thumbs up and where I can end the live stream here, it's up to you guys I Know some of you guys just wanted to see the market react to that CPI Data report: If you actually want to understand what was just reported, then I'd love to break it down for you I just want to make sure that enough people want me to break it down. So if you can get this video to over 1 000 likes, let's go ahead and break it down. So all right there it goes.

We're at 300 likes. Yeah, and it looks like core inflation came in. um, pretty much as expected, right? Forecast was 5.3 actual was 5.3 Previous was 5.5 Yeah, so Core CPI 5.3 Overall five percent. Ugh.

Right there it goes. Yeah, it looks like the market did correct itself a little bit after the report. But remember guys, I mean we're still in that pre-market session and it's still incredibly bullish, right? for more. We even closed yesterday after an amazing run yesterday.

Uh, NASDAQ Forming higher highs and higher lows I Mean this isn't far-fetched that it could have already been priced in based off of yesterday's rally, but also on top of that, it's not like the market is selling off, right? It's not forming lower lows or lower highs. It's correct in itself. And yeah, I mean it might not be sold on the idea that it has to continue to Rally but we still don't know 100. So all right.

So just for those that are tuning on in and so overall, yeah, I have four percent. Okay, just for all those that continue to ask. I Just pinned it. So loving my Lpp t-shirts also is my second week with Lvp.

I'm a new member. What's going on Happy to happy to have you and I'm super happy to hear that you're enjoying it. Uh, do you like Intel right now? Um, no. I mean but again, I'm not someone that normally trades Intel So I guess I'm not the right person to ask.

So core CPI 5.3 percent is a problem. It's just not going down as quickly as expected. I would say I wouldn't say that it's a problem. Uh, it's just based off of the the big question is, uh, who cares about what I think right? What do you guys think that Jerome Powell and the head you know, the head of the Federal Reserve and all of those people.

What do you think? They're gonna think about this like sticky core inflation? What do you think right if it's not going down as quickly as expected, Like how do you feel about that, right? Because remember the Federal Reserve cannot influence overall the inflation, right? They can only influence core inflation which is everything less food and energy. So I'll break it down in just a little bit. Again, we only have 740 likes. Um, we need to have over a thousand likes.

So I'll give you guys another two to three minutes. If it gets to it, we'll break it down. If not, we can just close out the live stream and then I can just go live with the Lpp team. So I'll leave it up to you guys if you guys want me to continue to go live and break down that CPI data report and again just drop a thumbs up.

And here it goes: looks like QQQ trying to Gap up once again 362. foreign CPI was not good CPA was not bad I Wouldn't view our CPI data report that was just released as a bad CPI data report right? Yeah, I mean let's go and break it down. So again. overall: CPI We had an expectation that in the month of May it was going to rise by 0.2 percent and it only Rose 0.1 percent based off of seasonal adjustment.

So this is less than what is expected, right? Um, it makes sense on why the Market's reacting in a positive way. For overall CPI when it comes down to everything, less food and um, energy, right? All items less food and energy Rose 0.4 percent. Um, in the month of the month of April and end of March and then we have core CPI coming in at 5.3 percent. So let's break down the actual month of May.

We could see the biggest contributors, right? These are all line items. So this is a new month that was just added. So May 2023. This was the new month that was just added.

We took away May 2022 And remember, core inflation is everything less. so everything lost this. So all of this is included in overall inflation. Core inflation are just these items, right? So it's just these items right here.

So very quickly I Mean we can go down these line items. So it says all items. So an increase of 0.1 percent food at home. So an increase of 0.2 percent food away from home.

So an increase of 0.1 Um, yeah, a foot away from 1.5 And then we get into the energy sector, right? So energy came in at a negative 3.6 Meaning that we actually saw a drop in the month of May based off of overall energy and we can see that energy Commodities came in at negative 5.6 Gasoline came in at negative 5.6 and it looks like the biggest contributor to the drop was fuel oil. It saw a drop of 7.7 We have what is this Energy Services a drop of negative 1.4 We have electricity. Negative one percent We have utility piped gas Services Negative 2.6 percent. And then we saw an increase on two of the line items.

We have all items less food and energy and then Commodities less food and energy and commodities on increase of 0.6 percent. We got new vehicles dropping once again. So that's good for um, used car prices I mean it looks like they're still going down. One of the biggest contributors to the jump is, uh, this one used cars and trucks.

So on an increase of 4.4 percent. That's the biggest jump that I've seen on any of these items, right? And this is the second month in a row that used car prices are picking right back up. So that doesn't necessarily support the case of the economy slowing down, but you know it is what it is, right? We have apparel seated inclusive point three percent, we have medical care Commodities it increase of 0.6 We have What is this? Uh Services loss Energy Services it's point four percent point Six percent is the increase that we sell for shelter transportation services point eight percent. and then Medical Care Services actually side drop.

Uh, the really interesting thing about this is that if you look at core inflation, right? Core inflation. Everything almost in core inflation so not including energy and food, which again, the Federal Reserve understands that they cannot control this. They cannot influence this, but it's actually everything that they can't control. That is at I mean at least the energy part, right Energy is seeing a big drop.

That means inflation is going down. That's great for energy because energy was the biggest contributor to inflation, right? But core inflation which is again, the only real thing that the Federal Reserve can influence. Almost all of them came in higher than expected. Out of all of these, there's only two that actually saw a drop and they were each negative 0.1 percent.

So that's the pretty wild thing about that is that core inflation I mean we're not seeing that drop. Uh, I Would say that maybe the Federal Reserve wants, but it's definitely not bad. I Mean overall inflation is still seeing that you know it still came in lower than expected, right? Expectation was 4.1 We came in at four percent. Very simple to understand.

coming in lower than expected. The forecast for core inflation was 5.3 percent. We came in at 5.3 percent. Supporting the kids that that core inflation is not coming down as quickly as overall inflation, but still coming down from the prior of 5.5 right? Uh, and that's really just it.

So do you guys have any questions about that? CPI Data Report: anything that I could answer for you. So again, for those that are a little bit newer, remember tomorrow is the Fomc Uh meeting, which is when the Federal Reserve is going to announce an interest rate hike, pause or cut as of right now based off of how the market is reacting and based off of this Fed rate monitor Tool Uh, right now it shows that there is a 73.1 percent probability and this continues to change as the time goes on as more things get factored in. But a 73.1 percent probability that the Federal Reserve will pause rate hikes and stay at the five to five point two five. There's a 26.9 percent probability at the Federal Reserve will announce a rate hike.

Okay, so again, the big the big day is tomorrow because all of these economic reports really add up to the Fomc meetings. And during these FMC meetings, it's when the Federal Reserve you know decides what they want to do right. We might see it a specific way. The stock market might be factoring something in expecting the Federal Reserve to do one thing, but they can report something completely different.

So I saw a couple people saying that like oh, this is rigged Uh, you know these are inflated numbers or these are what do they say. These are cooked up numbers. Uh, I Mean you can think what you want about these reports right at the end of the day? It does. Your opinion doesn't matter.

My opinion doesn't matter. Markets reacting in a specific way. You have the option of going with the flow of the market or trying to trade against it, right? We all have the option of choosing to choose either side, right? We can go along. We can go short.

So at the end of the day, the only person to blame is yourself. If you put yourself in a position in which you cannot tolerate, right, but there's there's I Wouldn't say anything else to talk about. looks like that. CPI data report at least based off of how the Market's reacting and what was just released, it looks bullish.

It makes sense on why the market is gapping up and I'm excited to see how we actually perform once we get into Market Open to see if we completely continue to form higher highs and higher lows, or if we actually begin to correct ourselves as we get closer to the actual Market open. So again, only time will tell. but I'll see you guys in about what is it? 45 minutes for our live trading session with the Lpp team. So I'm going to close this one out and then we're going to go back to those private live streams.

So again, if you want to tune into that, I'm going to be trading live with the Lpp team and that's going to be that second link in the description down below. So other than that, if you have any questions, feel free to shoot me a DM via Discord or via Instagram which is also linked in the description. but again, I Work with one team and one team only I Don't offer any other form of help or assistance. it's Lpp, which is the second link in the description down below.

I Appreciate your time. The link for OPP is not working. I'll go ahead and I'll pin it here in the live chat. How does that sound? So in the live chat you should be able to see it all right? So thanks! Ricky Uh, that's very helpful.

Second week here with LBP if you remember I Have you here and glad to see that you're enjoying it. So I'm going to replace the pinned message so now you should be able to have the link to LPB And yeah, we'll leave it at that. Appreciate your time, hope that we're in a thumbs up! Please make sure you subscribe, turn on those post notifications and for all those that are new and or existing Lpp members, I'll see you at Market open for our live trading session. Uh, remember that's that second link in the description down below.

Take care too!.