Latest / HPK Provident Advisors: The Weekly Bull
Why A “Good” Inflation Print Isn’t Convincing Investors
Headlines say inflation cooled and the market should cheer. We look under the hood and find a messier story: a payroll beat with downward revisions, an unemployment rate that’s climbed for four straight months, wage growth easing toward pre‑pandemic levels, and a core inflation print flattered by shelter math and holiday discounts. When bonds barely react and equities fail to reclaim a tight price channel, it hints that investors aren’t buying the narrative yet.
We walk through why the 2.6% core number may not tell the full tale, how owners’ equivalent rent and late‑October promotions can…
The skinny
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