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BLS PPI Report;


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#1 slupert

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Posted 14 June 2022 - 07:32 AM

Producer Price Index News Release summary - 2022 M05 Results (bls.gov)



#2 K Wave

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Posted 14 June 2022 - 07:50 AM

Watching CRB index here...

 

Looking pretty divergency after over A TRIPLE off the Covid low...and the media in full insanity mode....inflation inflation inflation!!!

 

Seems like possible recipe for sharp corrective wave....

 

crb.png


 



 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 slupert

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Posted 14 June 2022 - 08:45 AM

 

Watching CRB index here...

 

Looking pretty divergency after over A TRIPLE off the Covid low...and the media in full insanity mode....inflation inflation inflation!!!

 

Seems like possible recipe for sharp corrective wave....

 

crb.png

 


 

 

 

I've been talking abut "poor setups" for econ data, could tomorrow be the worst possible scenaio, where nobody believes what the Fed is saying?



#4 redfoliage2

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Posted 14 June 2022 - 09:36 AM

Better than consensus.  The market has been sold hard on the rumor for this.........................



#5 MikeyG

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Posted 14 June 2022 - 09:47 AM

Brent, WTI. We can see it inflation in real time.

 

Until Biden stops attacking domestic oil, we are all up the creek. 

 

I would say what he is doing is borderline treasonous as this could end up in full on depression.