Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (82730)	11/9/2023 8:47:19 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97611

I have 3 things to say on this: (1) 70% of core CPI is shelter (and related). From what I anecdotally see (and expect), rents are moderating. (2) Wage growth has slowed down. (3) Cleveland Fed's nowcast agrees with me ;) They are pegging Oct CPI to 3.28/0.07 vs expectations of 3.7/0.4. This is a huge difference. Core is pegged to 4.16/0.34 vs expectations of 4.1/0.3 - So the market sentiment will play a big part on what they choose to focus on. I am hoping that the big difference in headline will make people ignore the small variation in core. clevelandfed.org