This piece was originally published on June 12th, 2024 Overview: Today, we got the May Consumer Price Index (CPI) report which showed an overall increase of 3.3% unadjusted in the last year and 0.2% vs last month. That’s slightly below last month’s 3.4% and expectations of 3.4%. The 0.2% monthly increase was below the 0.3% … Read more
Ok – it’s a bit of a clickbait title. I confess. The economic news this week wasn’t great, but we’re not actually at doomsday. I’ve been making the point that we’re in a bifurcated economy where a few people doing extremely well pulls up the overall statistics while hiding the fact that most of the … Read more
A few weeks ago, I had the opportunity to do a webinar with Enrique Abeyta of HX Research on Talen Energy $TLNE. Enrique did a fantastic job making the case for why Talen could double from current prices. That video is linked in the piece below. This morning, HX Research published an update on Talen … Read more
Comments by a Fed Governor started a debate this week on the future of rate HIKES. That was followed by a PCE report that had both the hawks and doves declaring victory. The underlying data isn’t getting better and the government is still engaging in massive stimulus so DKI’s conclusions will not surprise you. 1Q … Read more
This morning, we got the April Personal Consumption Expenditures (PCE) report. This is the preferred inflation gauge of the Federal Reserve. The PCE was up 0.3% vs last month and 2.7% vs last year. This was the same as last month and consistent with expectations. The Core PCE, which excludes food and energy, was up … Read more
