Off-Topic Stock Market & Crypto Discussion

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08:30 USD PPI ex. Food/Energy/Transport (MoM) (Jul) 0.3% 0.1%
08:30 USD PPI ex. Food/Energy/Transport (YoY) (Jul) 3.3% 3.2%
08:30 USD Core PPI (MoM) (Jul) 0.0% 0.2% 0.3%
08:30 USD Core PPI (YoY) (Jul) 2.4% 2.7% 3.0%
08:30 USD PPI (YoY) (Jul) 2.2% 2.3% 2.7%
08:30 USD PPI (MoM) (Jul) 0.1% 0.2% 0.2%

Core PPI monthly - July down 0
Core PPI YOY - Down 2.4
PPI YOY - down 2.2
PPI MOM - down 0.1

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy.

Inflation dropping
 
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08:30 USD Core CPI (MoM) (Jul) 0.2% 0.2% 0.1%
08:30 USD Core CPI (YoY) (Jul) 3.2% 3.2% 3.3%
08:30 USD Core CPI Index (Jul) 318.87 318.35
08:30 USD CPI (MoM) (Jul) 0.2% 0.2% -0.1%
08:30 USD CPI (YoY) (Jul) 2.9% 3.0% 3.0%

Core CPI is ex food and energy
Inflation YoY down
Monthly @ 2%
Core CPI YoY down
Monthly @ 2%
Good numbers…basically in line…..25-50 cut in September imo

PS…annual inflation dropping below 3% for first time since March 2021.
 
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08:30 USD Continuing Jobless Claims 1,864K 1,880K 1,871K
08:30 USD Core Retail Sales (MoM) (Jul) 0.4% 0.1% 0.5%
08:30 USD Export Price Index (YoY) (Jul) 0.7%
08:30 USD Export Price Index (MoM) (Jul) 0.7% 0.0% -0.3%
08:30 USD Import Price Index (MoM) (Jul) 0.1% -0.1% 0.0%
08:30 USD Import Price Index (YoY) (Jul) 1.6%
08:30 USD Initial Jobless Claims 227K 236K 234K
08:30 USD Jobless Claims 4-Week Avg. 236.50K 241.00K
08:30 USD NY Empire State Manufacturing Index (Aug) -4.70 -5.90 -6.60
08:30 USD Philadelphia Fed Manufacturing Index (Aug) -7.0 5.4 13.9
08:30 USD Philly Fed Business Conditions (Aug) 15.4 38.7
08:30 USD Philly Fed CAPEX Index (Aug) 12.00 7.40
08:30 USD Philly Fed Employment (Aug) -5.7 15.2
08:30 USD Philly Fed New Orders (Aug) 14.6 20.7
08:30 USD Philly Fed Prices Paid (Aug) 24.00 19.80
08:30 USD Retail Control (MoM) (Jul) 0.3% 0.9%
08:30 USD Retail Sales (MoM) (Jul) 1.0% 0.4% -0.2%

A lot of numbers, but the important numbers…
Retail sales for July up big -consumers spending…boom
Initial jobless claims down slightly..strength in job mkt..
Continuing jobless claims down

Not to worry boyas
 
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08:30 USD Continuing Jobless Claims 1,864K 1,880K 1,871K
08:30 USD Core Retail Sales (MoM) (Jul) 0.4% 0.1% 0.5%
08:30 USD Export Price Index (YoY) (Jul) 0.7%
08:30 USD Export Price Index (MoM) (Jul) 0.7% 0.0% -0.3%
08:30 USD Import Price Index (MoM) (Jul) 0.1% -0.1% 0.0%
08:30 USD Import Price Index (YoY) (Jul) 1.6%
08:30 USD Initial Jobless Claims 227K 236K 234K
08:30 USD Jobless Claims 4-Week Avg. 236.50K 241.00K
08:30 USD NY Empire State Manufacturing Index (Aug) -4.70 -5.90 -6.60
08:30 USD Philadelphia Fed Manufacturing Index (Aug) -7.0 5.4 13.9
08:30 USD Philly Fed Business Conditions (Aug) 15.4 38.7
08:30 USD Philly Fed CAPEX Index (Aug) 12.00 7.40
08:30 USD Philly Fed Employment (Aug) -5.7 15.2
08:30 USD Philly Fed New Orders (Aug) 14.6 20.7
08:30 USD Philly Fed Prices Paid (Aug) 24.00 19.80
08:30 USD Retail Control (MoM) (Jul) 0.3% 0.9%
08:30 USD Retail Sales (MoM) (Jul) 1.0% 0.4% -0.2%

A lot of numbers, but the important numbers…
Retail sales for July up big -consumers spending…boom
Initial jobless claims down slightly..strength in job mkt..
Continuing jobless claims down

Not to worry boyas
How much of the retail spending was borrowed via credit cards?
 
He doesn't care. Same reason he doesn't care if rates are lowered with high inflation. Just keep kicking the can.
Until he wants the government to save him and everyone else. We need to hit the brakes hard on spending, let inflation run at 2-3%, and ride out the 10-15 yr **** storm until AI kills off all humans. (joking on the end).
 
Yes there may be misses, but Google beat and still dropped. After big gains in tech, it’s healthy to have a pullback. These big tech companies are going through the roof in the next 5 years because of AI and cloud..
I believe rate cuts are needed NOW.
Think ur wish is about to be granted.
 
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Think ur wish is about to be granted.
Lower interest rates help homeowners, home buyers and credit card holders. Thankfully income has risen.
Yes we need to cut debt and we’ve discussed it before. Everyone has an opinion and neither party will do anything meaningful. Every government entity has waste and we need revenue without always taxing income. Some people will always have overburdened personal debt..
 
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I guess I’m not the only optimist….
BUSINESS INSIDER:
  • Analysts from Goldman Sachs say to "keep the faith" in a soft landing for the US economy.
  • Market volatility has been more about positioning than a looming recession, the analysts said.
  • This week's encouraging data on retail sales, inflation, and unemployment should help quell worries.
The US is "en route to a soft landing," despite the intense bout of market volatility seen this month, according to analysts at Goldman Sachs.
 
I guess I’m not the only optimist….
BUSINESS INSIDER:
  • Analysts from Goldman Sachs say to "keep the faith" in a soft landing for the US economy.
  • Market volatility has been more about positioning than a looming recession, the analysts said.
  • This week's encouraging data on retail sales, inflation, and unemployment should help quell worries.
The US is "en route to a soft landing," despite the intense bout of market volatility seen this month, according to analysts at Goldman Sachs.
I'd say keep an eye on unemployment before getting too optimistic.
 
I’ve read that the bond market may have already priced in 2pts of cuts for the next year. Thus, mortgage rates may not drop much come September unless the FED goes .75-1pt.
 
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