Loading ...So, the market is celebrating this as being softer than expected, although I’m not exactly sure about there read.
M/M CPI was 0.4% vs. 0.3% estimates (hot)
Apparently, they are celebrating this
M/M CPI ex food & energy was 0.2% vs est. of 0.3%
Y/Y CPI – ex food & energy was 3.2% vs. est. of 3.3%
I’m not sure why that’s a win. I was paying $6.30 for 60 eggs a year ago at Walmart. Those same eggs today are almost $22
Regardless, give the Captain a tip of the hat. Looks like we’re in business going into the open.