ES Journal - 2023/2024

Picaso said:
Plus now it's impossible to buy a 1 liter of anything, it's all 900 ml, 750, etc
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Oh, tell me about it. Costco is not known for anything small. People used to complain nonstop about this, like their produce stuff is too bulky. Well, the grapes, which I'm particularly fond of, is only half the size that it used to be. And even worse, they charge you more now.

Anyway, I don't know what metric these guys in the government are using, but it sure don't feel like the inflation has come down.
 
Picaso said:
https://www.washingtonpost.com/business/2024/06/11/prices-retail-inflation-consumers/

I thought prices had started to come down (in some cases a lot) in the US. I cannot say because I live in Europe, and here things are just getting ridiculous (as in my *subjective* feeling is I'm being hit with a 25% increase in my supermarket shopping). Plus now it's impossible to buy a 1 liter of anything, it's all 900 ml, 750, etc. Not saying inflation is 25% or anywhere near, but groceries, daily expenses, etc... I have an ok financial situation and I feel it, but I can only imagine how people on a tight budget must be hurting. :(
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I think the largest CPI reading in Norway was around 6 %. No way that's correct. Plenty of items in my own basket have even doubled over the last few years.

I saw a post from that clown economist Paul Krugman who was showing a graph where rent, fuel, food, etc. was excluded saying inflation wasn't that bad. LOL. I mean, what's left at that point?

I believe the largest CPI reading in US was around 9 %. Still not correct, I'd guess.

My impression from daily life in Norway is that a lot of people were already struggling or barely getting by, but after rates increased + inflation + energy prices soaring a lot of people are hurting badly.
 
upload_2024-6-12_11-44-36.png


Market Makers pushing the SPY ETF to BB bounderies before CPI and FED. What could "possibly" go wrong? :sneaky::D
 
The last time we rallied on CPI (May), it was an instant 30 point 5-minute candle. No counter moves.

Prior to that, there was a 20 point counter move post-release before another deep pullback and then a rally.

So, holding into this might be quite risky when you know that your stop could have considerable slippage.
 
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