The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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Hey, what's going on guys, it's Ricky with Taco Solutions Just a friendly reminder. Tomorrow it is the CPI data report that is both for CPI and core. CPI For those that are unaware CPI is our inflation report and this is released every single month one hour before the Market opens and tomorrow on Wednesday May 10th one hour before the Market opens, the CPI data report will be released I'll leave it up to you guys I'm here on vacation I Definitely don't have to, but if you guys get this video to over 1500 likes, I'll host that free live CPI data report live stream and again all you need to do is subscribe to the channel and also get this video to over 1500 likes and I'll take care of the rest right? So for those that are unaware and that want to understand what the market expectation is, I thought I would share it for you guys in this video. So May 10th 2023 Market expectation The forecast for this up and coming CPI data report is going to be five percent.

They actually expect our inflation rate to stay the same from five percent to five percent month over month. Now what I wanted to ask you also is I'd be more than happy to assist you guys in Breaking this all down on how to actually read the CPI data report because the part that I find very interesting is we're going to be adding the next month of April right? because now we're in May But the way that this thing works is the montessor has to complete itself and then it gets released on the following month. So we're going to be reporting for the month of April. Which means that we take away the previous month of April, right? And that's a point four percent increase Now, of course, it's not just a direct addition to the formula.

there's a specific formula on how the actual CPI data report is calculated. But because right? One of the main reasons that we saw such a large drop last month is because we took away the previous March of 2022 and added our new March. And as you can see, the difference is quite significant. We take away a full percentage point and then we only add 0.1 as that would the only difference an increase of inflation that we saw in the month of March for 2023.

The part that's going to be very interesting is are we only going to see roughly around a point four percent increase in the month of April which should pretty much leave us at that same five percent. Mark And again, there's an exact formula. It's not just adding it all across the board. Uh, but I Thought that I could break this down for you in maybe a later video today.

You guys can just let me know down in the comment section, but if you have it all figured out, then there's no reason for me to do so. It's super easy to read those reports I'd love to actually share it with you guys in today's later video and I will also be sharing it with you guys. Live tomorrow for the CPI data report. If you get this video to over 1500 likes, but again, this is all available and I want to make sure that you guys are aware of this.
This is all available for free through Bls.gov Forward slash: CPI and this is the official website where the actual report gets released. Now what is my expectation for the market? Well as of right now. We just wrapped up our live trading session with the Lpp team and then on the five minute time frame, you could see that right now we are testing that same support range that we were yesterday. The thing that you need to be very careful with is that we did sell off a little bit yesterday and then we made a full recovery and made new highs to highs of 324..

now that is also something you need to be very careful with. So again, watch that position size and never be afraid to lock in profits because there is always quick changes of Direction anytime there's a big report coming up just like the CPI data report tomorrow. So it's not going to surprise me today if we're seeing a lot of choppiness with the overall market and what is to be reported tomorrow. I Also do want to make sure that you are aware that yes we have CPI tomorrow, but we also have PPI on Thursday and that's the producer price index which is inflation on the producing set of things.

So I just wanted to make sure that you guys were aware. The last thing that I wanted to share with you guys is we're going to be hosting our free live trading session this Friday once again and I'm going to be giving away another thousand dollars. A lot of you guys gave us such positive feedback on the one that we hosted last Friday and being very honest with you guys eyes I mean I wasn't feeling the best on that uh live session. So I hope that there's going to be a lot more trading activity happening this Friday but also giving away one thousand dollars and again spots are limited.

If you want to save your spot and to make sure that you don't miss it, it's going to be the first link in the description down below. You can save your free spot and again join us for our free live trading session and I will be giving away another one thousand dollars during this session. So other than that, just wanted to keep you guys up to date. I Do have an open position on Sqq right now.

I'm thinking about closing pretty uh, pretty soon and again as we approach our previous resistance range. I'm probably gonna sell it here I'll at least reduce 3 000 shares of Sqq as we're approaching overbought levels. And here it goes: 3 000 shares selling eighty seven thousand dollars worth of it. And there it goes.

So far, so good on the day, just trying to not over complicate my trading right before that. CPI Data report. So again, I'm going to leave it up to you guys. Get this video to over 1500 likes.

Let's host that free Live Free CPI Data report Live stream tomorrow one hour before the Market opens and then I'll leave it at that. So I hope that we earned a thumbs up. Please consider subscribing if you have any questions. Feel free to reach out to me via Discord or via Instagram That's all.
Linked In The description. And don't forget to enter our GTR giveaway if you want to learn more about that. It's the fourth Link in the description down below. Like always, let's make sure that we end the year on a green note.

Take it easy, team.

By Stock Chat

where the coffee is hot and so is the chat

26 thoughts on “urgent new cpi data inflation report…”
  1. Avataaar/Circle Created with python_avatars Kang Minsu says:

    Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months, what am i doing wrong?

  2. Avataaar/Circle Created with python_avatars Leander Atlas says:

    Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm close to 60.

  3. Avataaar/Circle Created with python_avatars Morningstar says:

    some1 got a nose job

  4. Avataaar/Circle Created with python_avatars Do You Eat Rocks says:

    1600 likes ❤❤ yeeeee

  5. Avataaar/Circle Created with python_avatars Romanus~Ik says:

    Hello sir, the discord invite link you put in the video has expired

  6. Avataaar/Circle Created with python_avatars young trader on vid says:

    I bet market will react with down a bit, tomorrow and day after.

  7. Avataaar/Circle Created with python_avatars Gregory Malone says:

    Tge lasttwo cooked up reports showed a "perfect" one point drop from the last two months, so I wouldn't be surprised if the Democrats cook this CPI report to do another "perfect" one point drop. There's no way the math in how inflation is supposed to be dropping is that perfect. But i get ut. Lets play what we see while the economy is drastically heading down a rode of no return,akin to what led up to the Great Depression duting the 1930s. We'll see!

  8. Avataaar/Circle Created with python_avatars J K says:

    It's going to be a lie whatever they tell you…adjusted later when nobody is paying attention. If you don't realize real inflation is closer to 20%, minimum, you live in fantasyland.

  9. Avataaar/Circle Created with python_avatars ChocolateCoveredGummyBears says:

    pressed like ricky.. hopefully it goes to 1.5k lol

  10. Avataaar/Circle Created with python_avatars keith newman says:

    the number is not important
    what is important is how the market responds to it

  11. Avataaar/Circle Created with python_avatars InfiniteXP says:

    You're talking too loud in public, Ricky!

  12. Avataaar/Circle Created with python_avatars UrAvgWeeb says:

    ricky update your chrome

  13. Avataaar/Circle Created with python_avatars Celal Yalımlıel says:

    Are you still just holding coins? Guys, what are you doing? PapayaHub has been around for almost a year!

  14. Avataaar/Circle Created with python_avatars chloeofc says:

    Why waste time discussing which coins to keep for the long term? Have you even heard of Papayahub?

  15. Avataaar/Circle Created with python_avatars Derek Shane says:

    Such a joke….(if I get this many likes I will livestream) what kind of crap is that.

  16. Avataaar/Circle Created with python_avatars Mike P says:

    I'm not hitting the like …….forget us and enjoy your family and vacation Thanks for the update …… why not put up an vacation video of what you are enjoying

  17. Avataaar/Circle Created with python_avatars rene topeka says:

    from my calculation this time cpiyoy will be 4.8% but i could be wrong

  18. Avataaar/Circle Created with python_avatars eyeonme 21 says:

    Don’t follow him

  19. Avataaar/Circle Created with python_avatars Gregory Tebbe says:

    Would be great if you'd break down how to read these reports!

  20. Avataaar/Circle Created with python_avatars Owen Murphy says:

    Yes please!!

  21. Avataaar/Circle Created with python_avatars Overtime says:

    Thank u brotha 🎉

  22. Avataaar/Circle Created with python_avatars Austin Bradley says:

    Thanks Ricky! Appreciate the update! 👍🏻

  23. Avataaar/Circle Created with python_avatars Swae P says:

    Investors Filling the Dips Today …* LILM… Lilium Electric Jets Up Over 100 % Week…* FFIE… Up Over 50 % Week. Faraday Future New FF 91 Futurist Alliance SUV Deliveries Start in May… New Press Releases…* GSMG and * ERYP. Thumbs Up Video / Thanks.

  24. Avataaar/Circle Created with python_avatars Crazy Madelyn says:

    Why aren’t you uploading Ricky ?!!! Th

  25. Avataaar/Circle Created with python_avatars PermanentVacation says:

    It WAS our inflation report. Now who knows what it is.

  26. Avataaar/Circle Created with python_avatars Alberto Acosta says:

    Inflation number going down more than unusual because it’s measured differently ( probably for political reasons) but rates won’t stop real inflation is still pretty bad

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