Fletchers CEO steps down, chair to resign; CPI was bad; A BBR Valentine's
blackbullresearch.substack.com
Happy Valentine’s, Upper East Siders, Gossip Girl here with some news of the unfortunate demise of “rate cute soon”— spotted at the Fed from some numbers hot off the press — CPI was pre-tay pre-tay pre-tay bad. Core CPI came in at +0.4% which annualises at +4.8% and core services came in at +0.8% — +10% YoY. Look at what happened last time supercore spiked — Jan 2022. Are you getting the same vibes I’m getting, lovers? It’s giving “recession” — both figures are far off the Fed’s target. We don’t feel optimistic…NASDAQ is only down a mere ~1.80%…markets went into this year one-sided priced for a soft landing…Magnificent 7 earnings are priced like its 1999…and about that Federal US debt issue…
Fletchers CEO steps down, chair to resign; CPI was bad; A BBR Valentine's
Fletchers CEO steps down, chair to resign…
Fletchers CEO steps down, chair to resign; CPI was bad; A BBR Valentine's
Happy Valentine’s, Upper East Siders, Gossip Girl here with some news of the unfortunate demise of “rate cute soon”— spotted at the Fed from some numbers hot off the press — CPI was pre-tay pre-tay pre-tay bad. Core CPI came in at +0.4% which annualises at +4.8% and core services came in at +0.8% — +10% YoY. Look at what happened last time supercore spiked — Jan 2022. Are you getting the same vibes I’m getting, lovers? It’s giving “recession” — both figures are far off the Fed’s target. We don’t feel optimistic…NASDAQ is only down a mere ~1.80%…markets went into this year one-sided priced for a soft landing…Magnificent 7 earnings are priced like its 1999…and about that Federal US debt issue…