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Summary Overall inflation as measured by the year-over-year Consumer Price Index backed off a wee bit but not nearly as much as expected, to 8.3% in August from 8.5% in July. Inflation has shifted from supply chain issues and commodities to services. Services CPI jumped by 0.6% in...
Summary Stocks plunged today because core inflation is worse than expected, and that’s mostly services. Why is service inflation getting worse? Because it responds with a lag to increases in nominal GDP. Much of services inflation is wages and implicit rents. Wages are ...
Summary The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. Th...
Summary The August CPI report came in higher than expected at 8.3% versus 8.1%. Major stock indices sold off between 3% and 4% in response. The key question: is the August CPI report new information or noise? This brief market update is in response to the CPI report for ...
Summary Inflation is the wrecker of worlds. It destroys purchasing power, increases the signal-to-noise ratio of prices critical to entrepreneurs and business managers, and distorts accounting records. Depending upon its origins, inflation may also facilitate lavish government spe...
Summary Last month, better-than-expected inflation numbers fueled a surge in stock prices before Fed Chair Powell poured cold water on the excitement of the bulls with his most hawkish speech of the year from Jackson Hole. I don’t know how the stock market will react this t...
Summary Energy stocks are poised to report strong earnings for the second half of 2022, while the S&P 500 is forecasted to post earnings declines. The green revolution will continue, but with barely 3% of U.S. electricity production originating from solar and wind sources, fos...
Summary Everyone tells me all the time that "you can't fight the Fed." It seems everyone is not burdened by the facts of history. History shows us that the market leads and the Fed follows. I am told time and again that one should not fight the Fed. But, unfortunatel...
Summary We think the energy crisis will spur a recession in Europe. The ECB is trying to fight inflation without recognizing the costs. We prefer credit over equities. The ECB raised rates by a record 0.75%. We think the ECB will keep raising rates through year-end until the econo...
Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...
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2024-07-21 20:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-11 17:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States Faraday Future Intelligent Electric Inc. (FFIE) rose 20.9% to $0.5541 on volume of 173,316,620 shares Assure Holdings Corp. (IONM) rose 114.1% to $0.496799 on volume of 118,668,589 shares NLS Pharmaceutics Ltd. (NLSP) rose 67.6% to $0...