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1-15-25 CPI Day - The Big Reveal
It's CPI Day (December Core Inflation clocked-in at a lower than expected .2%) so let's pin it all on the Fed. Weaker PPI & Higher Trasnportation costs; Used car prices are keeping inflation elevated, thanks to storm and fire loss replacement demand. Markets flirting w 100_DMA, holiding support; what a weaker CPI print may mean. Lance pranks Danny with book sales for "Bull Dog" Ratliff; the NFIB Small Business Confidence Index surge, post-election; The concept of an 'Exeternal Revenu Service' vs reality; sentiment-driven surveys vs reality. Sentiment and outlooks vs stock price expectations…
The skinny
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