Updated S&P 500 Sector returns, bulls get rejected for the 5th time now
1.$S&P 500(.SPX)$ Updated S&P 500 Sector returnsBulls get rejected for the 5th time now.
2.Since Jan/1970, when m/m headline CPI comes in negative (back-to-backs don't count), the next 3 m/m average changes are as follows:
1st m/m change = (0.1%)
2nd m/m change = 0.1%
3rd m/m change = 0.2%
If this happens then by March, the y/y headline inflation will be 4.1%
The next six CPI reports will "roll off" monthly jumps of +0.6%, +0.8%, +1.2%, +0.3%, +1.0% and +1.3%.
That leaves the 6 most recent: +0.0%, +0.1%, +0.4%, +0.4%, +0.1% and -0.1%.
Look at the scenarios. You can easily get to 0-2% (or negative!) inflation by June.
A beautiful visual on CPI moving forward, with different scenarios.
https://twitter.com/Gugo907/status/1613890710843035650
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[Miser]