About this episode
(7/12/23) CPI predictions ranged from .5% to flat, prior to the announcement that inflation in June rose only .2%. Year-over-year inflation rose 3%, less than the more recent 4% inflation. Predicted reactions to that number illustrated just how silly we've become about CPI, basically being bettors against the number, like Eddie Murphy in "Trading Places" betting on orange futures. Markets have been consolidating prices over the past few weeks, and upside has been limited. A "hot" reading would have triggered a move to the downside, and a "cool" number would have prompted a breakout to the upside. With a reading close to the .2% expectations, don't look for markets to do much of anything. [NOTE: This report was recorded prior to release of today's CPI Report] Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=dlsvcU1JnIA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Register here for our next live webinar: https://us06web.zoom.us/webinar/register/3416835709522/WN_ItmsNXpsRs2uKE6xOrJtdg ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #CPI #Inflation #FederalReserve #InterestRates #20DMA #50DMA #SellSignal #Money #Investing