CPI approaches

The May CPI report hits the markets tomorrow

No predictions, just a question. What do you suppose might happen if somehow CPI – backward looking indicator that it is – were to ease and/or come in below expectations? Markets are cracking left and right in anticipation of another steamer.

I never did short anything (just increased cash), and decided not to do so into such a hyped up report because…

Here is the CNBC headline chronicling the anxiety. You can click it to read the anxiety provoking article if you want. I don’t react to what the public is being fed.

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