Three Things – CPI, Davey Day Trader & Stagflation

From disciplinefunds.com

Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were broad signs of weakness in the report with slowing rates of change in durables and services, but shelter remains a sticking point. The shelter component is still coming in at 5.5% year over year, well off its highs, but still way above readings we’re seeing in ... (full story)