*US May Consumer Prices +1%; Consensus +0.7%
*US May CPI Ex-Food & Energy +0.6%; Consensus +0.5%
*US May Consumer Prices Increase 8.6% From Year Earlier; Core CPI Up 6% Over Year
*US May CPI Energy Prices +3.9%; Food Prices +1.2%
*US Real Average Weekly Earnings -0.7% In May
*US May CPI Ex-Food & Energy +0.6%; Consensus +0.5%
*US May Consumer Prices Increase 8.6% From Year Earlier; Core CPI Up 6% Over Year
*US May CPI Energy Prices +3.9%; Food Prices +1.2%
*US Real Average Weekly Earnings -0.7% In May
Across the board bad.
Important to notice how the supply side is the issue here.
Oil and food remain in focus while the rest fades off. Should we see supply come back in, inflation could fall very fast.
Issue here of course being the lack of belief in that supply coming in in time.
Oil and food remain in focus while the rest fades off. Should we see supply come back in, inflation could fall very fast.
Issue here of course being the lack of belief in that supply coming in in time.
Insiders within the Energy sectors are selling at a faster pace than ever, further pointing towards the cyclical and supply nature of this issue.
It's important to remember in cases like Buffett that they are buying to hedge their portfolio.
It's important to remember in cases like Buffett that they are buying to hedge their portfolio.
On the other side insiders are not selling in tech at levels last seen near the 2018 bottom. Not necessarily a buy signal, but a good reminder that insiders have more information than the average joe.
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