Thursday, June 16, 2016

CPI And Jobless Claims: Steps To Stagflation


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*CPI was better than we feared but moving higher.
*That said, core CPI is consistently running at 2%.
*Transitional flips in oil up and dollar down should lift the overall CPI down the road.
*Jobless claims show slight weakening.
*More inflation and a slower economy is stagflation, which we think, is a stock market negative.

We reported earlier in the week that we thought there was risk to the CPI number. It was better than we thought but seems like more of a risk than the Fed is talking about.
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Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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