Cleveland FED Nowcast Showing Quarterly Annualized inflation running at 2,65%, Core at 2,40%

[Nighthawk]

https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting

I guess, S&P 500 making another 100 points easily next 3 weeks....

And grandpa Biden will hail "the greatest economy" due to Bidenomics

It´s all "magic"!

 

[2rosy]

the damage has been done

 

[murray t turtle]

%%
LOL I never bought into the news media pretending one guy fixes or goofs most of it up .
But for ''victims'' pretending that , sure makes it simple LOL
Even with a market mover like Fed head J Powell;
US markets up trended 100 years before FED ever got involved.
I actually thought the 2 USa debt downgrades would have goofed up the bond market more than it did, but they must look @ US debts market competition ??
Historically rate cuts are good for stocks/ETFs.
One monkey dont stop no show; nor does a group of monkeys throwing darts @ WSJ stop a show.
Not an insult, not a victim or stock seasonal timing remark.
Like Dallas Fed Rich Fisher noted ,its like shooting ducks, have to get ahead of them-great quote

 

[Quanto]

Spaghetti price for 500g has more than doubled: from €0.34 to €0.79, but peak was even higher at €0.99. This is the cheapest one can get.
The cheapest spaghetti price is my private indicator for inflation
Ie. the real inflation is more than 100% between "Before Corona Epoch (BCE)" and "After Corona Epoch (ACE)" !!!

Btw, SPX just hit 5,000 IMO b/c of inflation, not b/c of value

 

[S2007S]

CPI REVISIONS


This will rally spy to 5100 today!!!!!!

I mean even 1% to 5050 is going to be spectacular

Is this 14 out of 15 up weeks now????

 

[murray t turtle]

Spaghetti price for 500g has more than doubled: from €0.34 to €0.79, but peak was even higher at €0.99. This is the cheapest one can get.
The cheapest spaghetti price is my private indicator for inflation
Ie. the real inflation is more than 100% between "Before Corona Epoch (BCE)" and "After Corona Epoch (ACE)" !!!

Btw, SPX just hit 5,000 IMO b/c of inflation, not b/c of value

%%
LOL THAT's a lot for spageTTi;
on a % basis LOL.
WHOLE wheat[brown] bread has come down some;
eggs down a lot, good for buying more SPY/SPX up trends LOL.
Eggs came down a bit more strangely this \
brown eggs @ $2.06\ lower price than the white supreme priced eggs LOL
Good to buy more SPLx +SPY.........................................................-murray TT
Nothing like good market uptrend

 

[ironchef]

Spaghetti price for 500g has more than doubled: from €0.34 to €0.79, but peak was even higher at €0.99. This is the cheapest one can get.
The cheapest spaghetti price is my private indicator for inflation
Ie. the real inflation is more than 100% between "Before Corona Epoch (BCE)" and "After Corona Epoch (ACE)" !!!

Btw, SPX just hit 5,000 IMO b/c of inflation, not b/c of value

We in LA don't buy our spaghetti with funny money (€), we purchase it with $. Last year two dozen large AA eggs at Costco was $7.99. Recently it was for $3.99.

But I agree, package food prices once up seldom come down.

 

[Quanto]

We in LA don't buy our spaghetti with funny money (€), we purchase it with $. Last year two dozen large AA eggs at Costco was $7.99. Recently it was for $3.99.

But I agree, package food prices once up seldom come down.

I think a paradigm shift is taking place: farmers everywhere are becoming one of the richest groups in the country.

 

[S2007S]

I think a paradigm shift is taking place: farmers everywhere are becoming one of the richest groups in the country.

Hence why bill gates now many acres of farmland.. last I heard was over 200,000 acres.

 

[murray t turtle]

I think a paradigm shift is taking place: farmers everywhere are becoming one of the richest groups in the country.

%%
WELL they get thier food cheap also
WMT has brown eggs @ $2.06 plus tax; our state has farm stand eggs paying no sales tax, ag help , but they need it , profit margin on eggs is so slim.
White , green + blue eggs tend to sell for more;
Organic eggs = premium priced .
Canadian quarter usually works as well as US quarter, except in some vending/KO machines LOL