Post AXcSRCtQ4XjHzhZ3se by NBS@noagendasocial.com
 (DIR) More posts by NBS@noagendasocial.com
 (DIR) Post #AXcSRCtQ4XjHzhZ3se by NBS@noagendasocial.com
       2023-07-12T13:19:47Z
       
       1 likes, 1 repeats
       
       CPI data released this morning, data shows inflation cooling more than expected.CPI 0.2% M/M, Exp. 0.3%CPI Core 0.2% M/M, Exp. 0.3%CPI 3.0% Y/Y, Exp. 3.1%, CPI Core 4.8% Y/Y, Exp. 5.0%Inflation cooling faster than I anticipated but somewhat in line with what credit markets were pricing late last year. Credit markets were wrong about when the Fed would start lowering rates, which now isn’t priced to happen until December or so.Market is higher on the news. Should be a good trading day
       
 (DIR) Post #AXcSsyXJ2lDtZmSiUC by NBS@noagendasocial.com
       2023-07-12T13:24:48Z
       
       0 likes, 0 repeats
       
       Also interesting to note the components leading to the cooling CPI: mostly energy.This is one area I have so far gotten dead wrong. I got long a lot of oil and oil companies in late 2020 and early 2021, I since dumped lots of my USO (physical oil) at not nearly the highs but still for positive PNL. Holding onto the oil companies though as their dividends are quite good.Biden surprisingly made a good trade selling oil from the SPR, now he just needs to buy it back while it’s cheap.
       
 (DIR) Post #AXcSvSmXYsufxcm3c0 by lccmv@noagendasocial.com
       2023-07-12T13:25:15Z
       
       0 likes, 0 repeats
       
       @NBS Pray tell, which one is true?A) The data is accurate.B) The data is all manipulated and the market knows it but just plays along.C) The data is all manipulated and the market does bite it hook, line and sinker.
       
 (DIR) Post #AXcT0tE8fOdPQWGqHI by yukiame@noagendasocial.com
       2023-07-12T13:22:02Z
       
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       @NBS CPI is data measured by the one who are reporting and they cab put in the basket whatever they want so the result is maily what the "Reporters" want it to be
       
 (DIR) Post #AXcT0u3tYy2E12UAwy by NBS@noagendasocial.com
       2023-07-12T13:26:14Z
       
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       @yukiame I get your point and you’re not necessarily wrong, but the basket data and methodology is available for review on the BLS website. And most importantly: the market moves and pays attention to it regardless.But true inflation is still likely higher than the official resources suggest.
       
 (DIR) Post #AXcT4NTWf3Ho6n8BFY by NBS@noagendasocial.com
       2023-07-12T13:26:52Z
       
       0 likes, 0 repeats
       
       @lccmv Mostly B)
       
 (DIR) Post #AXceI1jlNXMkEsR9VI by jake73s@noagendasocial.com
       2023-07-12T15:32:35Z
       
       0 likes, 0 repeats
       
       @NBS I bought into oil stocks when Biden won, now I'm probably priced in for life because of the tax consequences. Good problem to have. Long term trend will be higher, it's too hated but forever necessary.
       
 (DIR) Post #AXcivmHydKwvj9eNe4 by Sam33@noagendasocial.com
       2023-07-12T16:24:35Z
       
       0 likes, 0 repeats
       
       @NBS idk man looks like still might me good to be bullish oil, the segment on tasty right now is very interesting
       
 (DIR) Post #AXcvBv2F58aew7kmlU by NBS@noagendasocial.com
       2023-07-12T18:41:58Z
       
       0 likes, 0 repeats
       
       @Sam33 Oh yeah I’m still long oil refiners, namely Exxon, I just took the scalp on USO because the drag and move wasn’t happening in time. Happy to be long oil through the refiners