2024-07-12 05:16:00 ET
Summary
- Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June, which brought the annualized rate to 3.27%.
- Core services were actually negative in June, the first time we’ve seen that since the pandemic began.
- The uncertainty around equities will likely rise in the coming 6-12 months, as we’ve ripped higher thanks to just a handful of tech names that could show they’re more economically sensitive than some think.
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Chart Of The Week: More Signs Of Disinflation