Hey guys
The time has arrived
CPI
Today we have the CPI (Inflation numbers) from the US – A pretty big deal when you consider where the markets currently trading – Over 12/15%+ from the lows on equities and 30%+ on BTC. So the market needs to see this number coming down to confirm ‘’peak inflation’’
There’s two readings to look at – CORE Inflation and Headline inflation. CORE excludes food and energy and headline includes everything in core + food and energy.
Current the market is forecasting we will see a decline in Headline AND Core year over year. I think it’s HIGHLY likely we will see a decline in Headline inflation – This is mainly due to commodity prices – Major declines last month/two months so this should feed into the data today.I think the wider market consensus is that the headline number will come down…
CORE however is what I’ll be focussed on…
As you can see below these are all the elements that go into the inflation data…
So these results will dictate the direction of the markets for weeks to come. I believe it will create a big bull trap but I won’t go heavy in any direction. I am going to dca on spot and take it day by day