Well, I have consistently said over the year if it´s not in the data it´s not in the data, only to be proven wrong in the end by the observation that the data was flawed. Today I can´t. That "surprise" drop of PPI just when the Don orders inflation to be down and the FED is looking at a rate cut and the BLS head has been replaced and an "investigation" into BLS practices has started does not sit well with me. It stinks. It strongly feels like the BLS has become the BLBS. And if I am right we are now flying blind into a thunderstorm. You just can´t contain inflation when the economic data is shaped to the gut feelings of an autocrat.
For the stock market for now this obviously means it can go on a tear. No puny economic facts are going to get in the way anymore and the race to rate cuts is in full swing.
Yes, it´s possible for bumps to happen. It may be an aborration. But I am not buying this one. Not without some more convincing reasoning.
We´ll see the CPI tomorrow. I´d no longer be surprised if it was down to 2.5 % yoy miraculously.
I think oracle is full of shit. They’re stuck in a revenue range for years and now they”ll reach gazillions. All those backlogs orders are subject to “if” and not certain future money and they’re stupidly welcoming a class action lawsuit for false information.
Same here. I think I''ll keep it until the security updates stop. A grand feels like a lot to spend on a phone that, for what I use it for, will function pretty much like the phone I have now.
The Weather Underground. The Richie Boys. Cunk on Britain. The 50 years war. The War of Lebanon (you´ll find all 15 episodes on youtube).
Edit: And a little more the Theme of the sub: "One Trader - 50 billion".