re: CPI cooling off, markets ripping

It’s fake bruh

A loaf of bread is gonna be like 40 bucks next year

The real cpi is the “child predator inwhitehouse” and that’s 100% right now

The market shot off while the inflation came in at 7.1%....let that sink in. Yes, it was lower than expected by a crumb, but it is still a ludicrous rate. Did you receive a 7.1% increase in pay this year? If you did, good for you, most will not so you are losing money month over month.

Wall street is not main street. Couple this with the fact that the dollar is losing steam, further driving up inflation in the coming months.

quote:

---

or plots show terminal still staying at 5%

---

Fear of tomorrow's dots is keeping the dollar afloat today. I was hoping to get another penny out of my pair before lunch. If people panic at overly aggressive dots tomorrow, I'm going to use that opportunity to add to my $ shorts.

quote:

---

I'm old enough to remember when 50 bps was a big hike.

---

How about when the market dropped/gained 500 points or more in a day? that was pretty big news. Now it happens every few weeks.

quote:

---

Markets may end up down for the day.

---

Said that as soon as the market opened

quote:

---

I do worry about runaway oil next year.

---

Are you thinking the war in Ukraine ends next year? China moves away from Zero COVID? Both? Something else?

quote:

---

I do see food prices where i shop weekly slowly coming down

---

I dont see that at all

Eggs are over $6. Six-pack of Coke is over $4.50. Orange juice just went up again last Wed. Most varieties of sweet tea are now over $3 a gallon. Loaf of honey wheat bread is up 50% in the last month. Stopped buying potato chips completely, due to prices. And thats at all of the 3 major grocers that serve my area

Bacon, beef, and cheese are down a little in my area compared to earlier in the year

Psychology of numbers

"Cooling off"

Still 7.1%

My net worth contracted by 20%

Cooling off...optimism. Nice.

True..