CPI Numbers Ain't Good for GameStop, Reddit & More?

Shelter CPI has now moved down on a YoY basis for 13 straight months, from a peak of 8.2% in March 2023 (highest since 1982) to 5.5% today.

US core CPI cools for first time in six months.

Given its long lag vs. real-time rent data, a continued move lower is expected which should lead to a continued decline in core inflation. $S&P 500(.SPX)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$

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.DJI Hits New High! Go Higher or Pullback Next?

Broader market hits new highs after the latest CPI report showed inflation easing April. The Dow Jones Industrial Average has surpassed 40,000 points. -------------- After broader market hits new highs, Will it continue to rise or is a pullback imminent?

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Comments

MIe
05-16
MIe
Deflation trend
KSR
05-16
KSR
👍
Tom Chow
05-16
Tom Chow
good

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Go Higher or Pullback Next?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":9851a2fc43d0482082a9e6c1367d6e01}&rnconfig={\"headerBarHidden\": true}","description":"Broader market hits new highs after the latest CPI report showed inflation easing April.\nThe Dow Jones Industrial Average has surpassed 40,000 points.\n--------------\nAfter broader market hits new highs, Will it continue to rise or is a pullback imminent?","image":"https://community-static.tradeup.com/news/7444a6dec50fbca0ac777fa039d42bef"}],"images":[{"img":"https://community-static.tradeup.com/news/a475595be46faacea453b3ed01db0e73","width":"1110","height":"643"},{"img":"https://community-static.tradeup.com/news/72fe24570531553ca713e865cd012d7a","width":"680","height":"680"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/a475595be46faacea453b3ed01db0e73","width":"1110","height":"643"}],"title":"CPI Numbers Ain't Good for GameStop, Reddit & More?","extraTitle":"","html":"<html><head></head><body>Shelter CPI has now moved down on a YoY basis for 13 straight months, from a peak of 8.2% in March 2023 (highest since 1982) to 5.5% today.US core CPI cools for first time in six months.Given its long lag vs. real-time rent data, a continued move lower is expected which should lead to a continued decline in core inflation. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> <a data-mention-id=\".IXIC\" class=\"teditor-mention\" data-mention-name=\"NASDAQ\" href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><img title=\"Image\" src=\"https://community-static.tradeup.com/news/a475595be46faacea453b3ed01db0e73\" tg-width=\"1110\" tg-height=\"643\">Image<img title=\"Image\" src=\"https://community-static.tradeup.com/news/72fe24570531553ca713e865cd012d7a\" tg-width=\"680\" tg-height=\"680\">Image</body></html>","htmlText":"<html><head></head><body>Shelter CPI has now moved down on a YoY basis for 13 straight months, from a peak of 8.2% in March 2023 (highest since 1982) to 5.5% today.US core CPI cools for first time in six months.Given its long lag vs. real-time rent data, a continued move lower is expected which should lead to a continued decline in core inflation. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> <a data-mention-id=\".DJI\" class=\"teditor-mention\" data-mention-name=\"DJIA\" href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a> <a data-mention-id=\".IXIC\" class=\"teditor-mention\" data-mention-name=\"NASDAQ\" href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><img title=\"Image\" src=\"https://community-static.tradeup.com/news/a475595be46faacea453b3ed01db0e73\" tg-width=\"1110\" tg-height=\"643\">Image<img title=\"Image\" src=\"https://community-static.tradeup.com/news/72fe24570531553ca713e865cd012d7a\" tg-width=\"680\" tg-height=\"680\">Image</body></html>","text":"Shelter CPI has now moved down on a YoY basis for 13 straight months, from a peak of 8.2% in March 2023 (highest since 1982) to 5.5% today. 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