Nice and toasty PPI today. market should be biased to the upside
for sure with inflation still going strong, basing and accelerating
in some areas while the FED has already locked themselves into at
least one rate cut (lots of wealthy asset owners will argue that
the FED has has promised more than one and a cycle instead
because it's never enough for them no matter how much it hurts the
rest, but we'll see). Very good for asset inflation in the near
term.
The toasty PPI has people selling bonds (yields rising) and the
2/10 curve is about to invert again (like I mentioned yesterday).
It was under 1.0 for a hot second overnight before recovering
a bit. Gold sniffing out what many knew was inevitable - the
Fed is stuck in a box with no good way out and will choose to ease
into inflation, causing more inflation, to save the banks and the
wealthy.
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Nice and toasty PPI today.
Posted by bthefnd on 12th of Sep 2024 at 10:22 am
Nice and toasty PPI today. market should be biased to the upside for sure with inflation still going strong, basing and accelerating in some areas while the FED has already locked themselves into at least one rate cut (lots of wealthy asset owners will argue that the FED has has promised more than one and a cycle instead because it's never enough for them no matter how much it hurts the rest, but we'll see). Very good for asset inflation in the near term.
The toasty PPI has people
Posted by bthefnd on 12th of Sep 2024 at 12:00 pm
The toasty PPI has people selling bonds (yields rising) and the 2/10 curve is about to invert again (like I mentioned yesterday). It was under 1.0 for a hot second overnight before recovering a bit. Gold sniffing out what many knew was inevitable - the Fed is stuck in a box with no good way out and will choose to ease into inflation, causing more inflation, to save the banks and the wealthy.