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CPI Wednesday: Our Lives Didn't Depend On It
July CPI came in at 3.4% year over year, roughly in line, and market odds for a September rate hike fell to around 34%. As always, this is not a news show, and the point is keeping your eye on the ball as a long term investor rather than reacting to headlines. I get into the softness in the consumer showing up in the Berkshire operating businesses and the K-shape economy.
AI infrastructure names beat big, with CoreWeave up around 20% on doubled revenue and Supermicro up 10%. Goldman kept a buy on Nvidia at $285 heading into a print that will hinge on Jensen's guidance on margins, the Rubin…
The skinny
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