Good morning , and welcome to US CPI day.
Consensus forecasts call for another step up in annual headline inflation, alongside a continued relatively muted core. These numbers take on added importance as more analysts assess the possibility of future, non-energy-related inflation building in the pipeline.
As regards today's forecasts, the consensus is for a 0.5% monthly increase in headline CPI for May. This is slightly lower than April's 0.6% and would be accompanied by a 4.2% annual inflation.
The monthly increase in core CPI is expected to edge down from 0.4% to 0.3%, putting annual core inflation at 2.9%.
As I look at the details of today's data release, my focus will be assessing the extent to which headline inflation is spilling into core three months after the initial surge in energy prices; or, to put it another way, the possibility of broader inflationary pressures if/when the energy shock fades.
This would set the stage for two equally tricky analyses: the implications for corporate pricing strategies and demand absorption.
#economy #markets #inflation #cpi #energy #oil
Greg's been busy building up Berkshire's $GOOGL stake—it's growing bigger every day. Oh, and they've still got about $400B in cash. Cash equals freedom! $BRK.A $BRK.B
A lot of traders believe that trading more means making more money.
But the truth is, the best traders wait for their exact setup and only trade when they see it.
Quality > Quantity.
Every single time.
I kinda hate agreeing with Jim Cramer, but he's spot on this time.
$GOOGL just announced an $80B raise to fuel its massive AI push.
Rumors say $META wants tens of billions the same way.
$ORCL dropped a $20B ATM.
SpaceX is raising $75B via IPO, OpenAI likely $100B, Anthro
Buying the peak.
Selling the dip.
Chasing every trend.
Sound like you?
That's trading without a plan.
🎓 My free course teaches you:
✅ When to jump in
✅ When to sit back
✅ How to stop losing money
👉 Catch it here: https://t.co/kBIC5CcRXV
$SPY $QQQ
At 12pm PST…
I’m showing my subscribers 🍇 a must-see look at two key 🔑 🔑 charts on the markets—both longer and shorter term.
These charts make it super clear what’s been happening, what already played out, and what’s coming up in different timeframes
Kenya's forex reserves fell $8 million this week, now at $13.2 billion 📉 Meanwhile, the Kenyan Shilling closed the week at Sh130 to the US dollar, rates via @carrington_fx
I had 5 sold puts for $NVDA expiring today at $205 strike
I closed 4 for $6 each locking in $901 in profit
I let one untouched hoping for it to get assigned if $NVDA dipped below $205 by 5.30 eastern
It didn’t
So I bought 100 shares at 205.78 in the aftermarket 🔥💰
S&P 500's focus today:
Needs to close above 7,580.06.
Why?
That'd make the week end green.
Also = 10 green weeks in a row, which hasn't happened since 1985. 📈