Overview: Today, we got the December Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.4% for the month (annualizes to 4.9%). That’s above last month’s 2.7% and above the prior month’s 2.6%. It was in-line with expectations. The Core CPI which excludes food and energy was … Read more
The Federal Reserve just completed its final meeting of the year and as expected, cut the fed funds rate by 25bp (.25%) to 4.25% – 4.50%. This completes the last cut of the year with a total of 100bp (1%) of cuts for 2024. The release commented on elevated inflation, expanding economic activity, and an … Read more
Overview: Today, we got the November Consumer Price Index (CPI) report which showed an overall increase of 2.7% for the last year and 0.3% for the month (annualizes to 3.7%). That’s above last month’s 2.6% and above the prior month’s 2.4%. It was in-line with expectations. The Core CPI which excludes food and energy was … Read more
On November 3rd, I told subscribers I had bought a small position in $EVLV Jan 17 $2 call options for $.50. I just sold those options for $1.05 (up 110%). I know some of you bought when I did. The news out today was sales of new units was up from the past couple of … Read more
Overview: Today, we got the October Consumer Price Index (CPI) report which showed an overall increase of 2.6% for the last year and 0.2% for the month. That’s above last month’s 2.4% and in-line with expectations. The Core CPI which excludes food and energy was up 3.3% vs last year and up 0.3% from last … Read more
Overview: Today, we got the September Consumer Price Index (CPI) report which showed an overall increase of 2.4% for the last year and 0.2% for the month. That’s slightly below last month’s 2.5% and above expectations by 0.1%. The 0.2% monthly increase was above the 0.1% expected. The Core CPI which excludes food and energy … Read more
