CPI / PPI - Inflation highest in US History"Consumer Prices rise in July, but rate of inflation slows"
Yeah, Nah.
Bullshit.
Fed minutes released next Wednesday will show an increased number
of Federal Reserve Board of Governors favor Taper.
The count of those in favor now stands at 6 up from 2.
Jerome Powell's recent Press Conference demonstrated Inflation is
not going down.
"The increases will happen, we're not saying they will reverse. That's
not what 'Transitory' means. It means that the increases in Prices will
happen, so there will be Inflation, but the process of Inflation will stop."
".....but you don't have an Inflation Process...."
Rents continue to explode higher, yet to be fully appreciated by the
CPI, that's dead ahead.
Risingprices
XOM Disappoints AgainDespite rising gasoline prices at the pumps, Exxon Mobil did not have a strong Earnings Report. The stock remains in a downtrend, with support at a previous technical low.
SEE Forms Short-Term Rounding Top to Sheer CliffSEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
