The ostensibly most important inflation data point is out, and it came in ice cold, just the way the bulls wanted. Inflation is ostensibly a mere 1.2% now, annualized, which makes total sense if you look at any bill you pay.

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The ostensibly most important inflation data point is out, and it came in ice cold, just the way the bulls wanted. Inflation is ostensibly a mere 1.2% now, annualized, which makes total sense if you look at any bill you pay.

I used to be obsessed with Thursday afternoons, back in the day when some F.R.E.D. information seemed able to predict where the S&P was going. It’s been a while, so here are the four component data sets, which have been swooning lately:
