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Multiple Data Points Are All Bad

Published 06/15/2021, 12:14 PM
Updated 07/09/2023, 06:31 AM

Several major economic data points were released this morning, and they’re all bad.

More importantly, you can see how while the PPI usually bobbles up and down from month to month, over the past year it has been a steady positive drumbeat of surging prices. Simply stated, the recent past bears no resemblance to the years before, unless you go back to the days of Richard Nixon.

PPI 2016-2021.

Weirdly, the massively-overvalued NASDAQ Composite exploded above its past lifetime high (red line) only to stall and tumble back down below it. C’mon, stocks – are you insane or not?

NASDAQ 5-Minute Chart.

Latest comments

I love you Tim, I can't wait to see this Market get the correction it needs and for God shake tell Jerome Stop printing money and tell people to get back to work!!!!
the fix is in. powell will not say anything encouraging. no taper talk. no change to the dot plot. dont forget that economically a weaker dollar is good. US goods cost less overseas ... foreign goods cost more in the US which helps US producers.
your all bad.
Yet permabulls and FED still think everything's just fine and stonks only go up. Wait for it.
So why not out out a trade in line with that PPI reading ?
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