26 replies to this topic

[da_cheif]

And if the CPI is high or beats, then the market implodes meltdown south ?

cpi has nothing to do with the stock market....watch the sky

[tradesurfer]

Stan harley is saying we are at a major top November 22 to be exact....

 

Bo "the nutcase" Polny also says we topped November 22nd...

 

and then Prechter saying we are at a generational top here in 2021...

 

[brucekeller]

 

And if the CPI is high or beats, then the market implodes meltdown south ?

cpi has nothing to do with the stock market....watch the sky

 

You have to admit, there is at least some correlation between the stock market and the Fed, especially in the QE era. CPI probably in the last 20 years didn't have the biggest correlation, but now it could impact the magic money printer and historically low rates. 

[redfoliage2]

But it may turn out to be "Buying on the fact" once CPI is out tomorrow since it's selling on the rumor today...................

 

Good news for bulls:  Nov CPI (MoM 0.8%) lower than Oct CPI (MoM 0.9%) .  Core CPI also lower Nov 0.5% MoM vs. Oct 0.6% MoM.  CPI looks topped ............................

Edited by redfoliage2, 10 December 2021 - 08:43 AM.

[redfoliage2]

I see today's CPI removed the hurdle for the market to run for new highs before the end of the year ....................

[blackcloud]

I see today's CPI removed the hurdle for the market to run for new highs before the end of the year ....................

Better look at what happened the last 2 Fridays, all you have right now is a higher open.

[redfoliage2]

It's very different today with two major hurdles removed i.e. the debt ceiling and CPI .......................

Edited by redfoliage2, 10 December 2021 - 09:43 AM.

[Rogerdodger]

https://www.kitco.co...unning-hot.html

 

U.S. CPI rises 6.8%, biggest jump since 1982

The data was in line with expectations. For the year, core CPI is up 4.9%.

Looking at some of the components of the report, consumers continue to feel the pinch of rising energy prices. The report said that the gasoline index increased 6.1% last month, pushing the energy index up 3.5%. For the year, energy prices are up 33.3%.

Food prices also increased, rising 0.7%. For the year, the food index is up 6.1%.

The report said that the rise in food and energy prices is the most in 13 years.

Katherine Judge, senior economist at CIBC, said that with inflation hitting another multi-decade high, the Federal Reserve could be on track to raise interest rates by June 2022.

"While December will see some relief from lower energy prices on omicron, causing total inflation to decelerate, there is scope for supply chain issues to prop up core goods prices again as omicron spreads globally and disrupts production," she said. With inflation at a lofty pace, the Fed is set to accelerate its QE tapering timeline at the December meeting, to finish in the early spring, and to allow for a rate hike in Q2 2022, when the winter wave of Covid could be behind us."

Edited by Rogerdodger, 10 December 2021 - 09:51 AM.

[redfoliage2]

Month over month CPI data more meaningful that are lower for both CPI and core CPI, that indicate trend changes.  YOY data useless when looking for trend changes......................

Edited by redfoliage2, 10 December 2021 - 09:58 AM.

[redfoliage2]

Month over month CPI data more meaningful that are lower for both CPI and core CPI, that indicate trend changes.  YOY data useless when looking for trend changes......................

BTW, I see MOM CPI will be even lower for next month.....................

Edited by redfoliage2, 10 December 2021 - 10:04 AM.