/biz/ - Business & Finance

>>53326533
>retard detected
>retard who doesn't know about RBOB detected
>retard who thinks his local gas station is the gas market detected

not the bobo fag that you're all arguing with
but mumus have been exceptionally euphoric and delusional these past weeks, with many claims that are very easily debunked
one by one
>inflation is defeated!! suck it bobo!!
we have seen core inflation, shelter inflation, food inflation, every kind category of inflation EXCEPT energy move higher
for example, shelter was +0.6% MoM last month - this is 7.44% inflation for housing annualized
over this past month, we have seen energy rocket back higher
>gasoline has moved from $2.10 to above $2.53 in less than a month
>gasoline +20.4% in 1 month
https://tradingeconomics.com/commodity/gasoline
>oil has moved from $70.11 to $80.07 in 1 month
>oil +14.2% in 1 month
what happens now that energy is moving sharply higher MoM, and core, shelter, food, everything else remains the same?
I'll give you a hint - inflation spikes back up again
You have drunk the SPR release kool-aid, hook line and sinker.
>the Fed is going to pivot, the market is moving higher!!
The Fed will not pivot. Each and every member of the Fed has said publicly extremely strongly the need to keep rates higher for longer, to prevent a 1970s repeat. They do not want to pivot at the first sign of economic weakness, as it would then make inflation surge higher; this would entrench expectations for inflation moving higher. The Fed already is unhappy with 5 year inflation expectations ticking up higher every single month. If they were to pivot prematurely, inflation would entrench itself, and it would make the second round of "chemo" that much worse and that much more destructive. They have strongly emphasized this over and over, and over and over.
The Fed will only pivot when there is serious economic destruction - in other words, when the economy has cancer
Celebrating a Fed pivot is like celebrating that you are receiving chemotherapy - it still means you have fucking cancer - it means the economy is so bad, that they need to pivot

why is no one talking about the RBOB gasoline, in any financial circles, media, anywhere, or here in /smg/
is everyone just happy that it's overall down from where it was still?
>$2.10 december 16
>$2.50 today jan 13
>+19% in 1 month
has everyone really drunk the SPR release kool-aid?
I feel like I'm taking crazy pills
nobody is talking about gasoline going up 19% in less than a month
energy has been dragging down headline numbers, while we continued to see core, food, and shelter all go up
now 'energy' has gone up 19% in 1 month
oil $70.11 --> $79.46 +13% off of lows in 1 month
>inflation is defeated!!
all my wat - what the fuck are you all talking about
https://tradingeconomics.com/commodity/gasoline