/biz/ - Business & Finance

>>50818504

Last time we saw this price action was at this level. It goes down today bulls think CPI will bail them out, CPI comes in hot (labor market shows zero signs of cooling and core PCE came in hot 2 weeks ago) energy is only 15% of CPI and normies massively overrate it compared to lagging shelter which is 32% and still rising) and now they’re trapped on longs down 6%. Fed will use tomorrow to create their own”whatever it takes” speech regarding inflation, and some fed clown will say “100 bps on the table for September” and we see new lows next week