Using the Commodity Index to predict the next CPI
It's fairly simple to chart how the next 2 months are going to play out.
Dems flooded the market with strategic reserves just in time to save Midterm Elections.
Given OPEC+ decision to reduce supply, a monkey could have seen a bounce in OIL and commodities.
Conveniently a low was put in to end September which means this months CPI print will be lower.
It won't be until November after the elections and Oil has had a chance to run up will the fireworks start.
Dems probable going to tank midterms to a need for a conservative agenda.
I'm predicting FOMC and CPI in November will be bad.
Dems flooded the market with strategic reserves just in time to save Midterm Elections.
Given OPEC+ decision to reduce supply, a monkey could have seen a bounce in OIL and commodities.
Conveniently a low was put in to end September which means this months CPI print will be lower.
It won't be until November after the elections and Oil has had a chance to run up will the fireworks start.
Dems probable going to tank midterms to a need for a conservative agenda.
I'm predicting FOMC and CPI in November will be bad.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.