McInnis 03 said:

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CPI number today will be better than expected, they're even changing the vehicle price number calc.

No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points

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Juuusssstttt a bit outside

It all hinges on AAPL, in my opinion.


The day AAPL tumbles below 150 and falls hard will be the day we get the limit down...

Bob Knights Liver said:

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My guess is there some part gouging and some part real increase in costs. They'll blame it on supply chain issues for processing. I'm not sure I believe that. There is likely real effect from inflation on transportation and on other materials and labor costs to process. While that's real, I don't think it has nearly the magnitude that we're seeing in fuel prices. I'm not a downstream guy, so I don't know.

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man I hear "supply chain issues" almost daily. I think it has just become the company line to drive prices up.

The bigger issue IMO is labor. No one wants to say it though.

There's no such thing as gouging.

If someone pays it, that's market.

McInnis 03 said:

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CPI number today will be better than expected, they're even changing the vehicle price number calc.

No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points

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HA, YOU'RE DUMB TODAY, YOU WERE SMARTER YESTERDAY WHEN YOU TALKED ABOUT EXPENSIVE PUMPS.

I bleed maroon said:

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According to CNN, it's almost all good news on the inflation front:

https://www.cnn.com/2022/05/11/business/consumer-price-inflation-april/index.html

New York CNN Business


US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.
The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March, which had been the highest level in more than 40 years.
Stripping out more volatile product categories like food and energy, the CPI stood at 6.2% over the same period.
For April alone, prices increased by 0.3%, adjusted for seasonal swings, less than the 1.2% jump recorded in March. Without food and energy prices, core inflation rose 0.6%, more than the 0.3% advance in the prior month.
Wednesday's data suggests that the inflation peak is behind us, just as economists, the Federal Reserve, the White House and the American people hoped. But there are still a lot of factors that will keep prices elevated over the summer.
The war in Ukraine has put pressure on energy and food prices. Meanwhile, renewed Covid-related lockdowns in China threaten to exacerbate the supply chain issues that the world has been struggling with over the past year. That means it's uncertain how much the pace of inflation can slow down until these things are resolved.

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Here's a quote from someone smarter than me:

"It's not at 0.2% decrease unless you're playing numbers games. Inflation MoM increased by 1.23%. The only reason YoY inflation wasn't as high as last month is because last year April came in up 1.6% MoM.
All Smoke & Mirrors. Inflation is up big month over month. I posted this before the numbers came out.
April YoY CPI is expected to come in at 8.1%. March was 8.5% YoY. The only reason this month is expected to come in lower YoY is simply because the increase in inflation from March to April this year is expected to be lower than the same period last year. Even so, an 8.1% increase YoY in April still represents quite a large unsustainable jump. Last years March to April jump was 1.6% leading to a CPI of 4.2%. The 8.1% estimate represents a YoY increase of 8.1% higher than prices were AFTER the 4.2% a year ago (That's roughly 12.5% price increases over a 24 month period). In order to hit the Feds target rate of inflation of 2% YoY, we should expect an average jump of 0.17 month to month. So, in order for inflation to be increasing at sustainable rates, we should look for 8.5%+0.17%-1.6%= roughly 7.07% (I say "roughly" because when we're talking about a rate of increase we should factor in the compounding nature of inflation) . Therefore the consensus of 8.1% actually represents a jump of 1.03% month to month higher than sustainable levels. What we want is inflation to be increasing at a rate lower on average than experienced in the trailing 12 months. Last months 8.5% increase in YoY inflation assumes an 0.71% increase on average month to month while this month is expected to be an increase of 1.03% month to month. So what I would like to see is the CPI coming in lower than 7.61% for April 2022, although current April consensus is 0.49% higher. So to get the true feel of how bad inflation is, look at the MoM numbers … not the YoY numbers. Now … I don't know how the hell analyst came up with that 8.1% consensus. I was expecting much lower given the 1.6% month to month jump last year. But understanding these numbers is important. We don't want to get lost in the assumption that YoY inflation coming in lower in the latter month than the previous represents a decline in the rate inflation is actually increasing month to month."

Nitro Power said:

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McInnis 03 said:

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CPI number today will be better than expected, they're even changing the vehicle price number calc.

No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points

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Juuusssstttt a bit outside

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LOL
but watch, it won't even matter. First move is usually the fake. Market pulled back on CPI data (initial move), I'll take rally then squeeze into the afternoon for 500 Alex.

Nitro Power said:

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McInnis 03 said:

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CPI number today will be better than expected, they're even changing the vehicle price number calc.

No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points

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Juuusssstttt a bit outside

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I'm trying to help you! FadeMc is the most successful trading plan in the history of Wall Street.

$30,000 Millionaire said:

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First move isn't always real move.

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Maybe very profetic.

For anyone that's hurting - remember that the market will come back eventually. Don't let past poor decisions contribute to future poor decisions. Evaluate all options and if you don't have a better option, continuing to hold might be the best part forward. Don't double down on mistakes or revenge trade. Remember that you can sell portions of your holdings - if selling is the best option - you don't have to sell all of any particular stock.

"When you look at something like Coinbase, it's just terrible. The business is terrible. Crypto is a terrible business. These stablecoins are anything but stable. I can go buy an oil company." - Jim Cramer just now on CNBC

Jim Cramer one year ago: pic.twitter.com/NCwMzQJVnC

— Quoth the Raven (@QTRResearch) May 11, 2022

lol

well, there are easier ways to make your daily goal.