Quote:The S&P 500 and Nasdaq Composite popped to record highs Wednesday, adding to their strong 2024 performances, as a lighter-than-expected U.S. consumer inflation report.

The broad market index gained 0.4%, while the tech-heavy Nasdaq advanced 0.6%. The Dow Jones Industrial Average climbed 182 points, or 0.5%, trading within reach of its record levels.

The CPI rose 0.3% for the month of April, less than the Dow Jones estimate for a 0.4% monthly increase. The gauge increased by 3.4% year over year, in line with expectations. Monthly and yearly numbers for core CPI, which excludes volatile food and energy prices, were both in line as well.

The report boosted expectations for Federal Reserve rate cuts in the near future. Fed funds futures trading data now suggests a 51.7% likelihood that the U.S. central bank will ease rates at its September meeting, according to CME FedWatch Tool. This is up from Tuesday’s 44.9% chance of a rate cut the same month.

S&P 500, Nasdaq rise to all-time highs after light consumer inflation report: Live updates

Perhaps Eldon can tell me why Green did not post this yet?

(05-15-2024 08:56 AM)Redwingtom Wrote:  

Quote:The S&P 500 and Nasdaq Composite popped to record highs Wednesday, adding to their strong 2024 performances, as a lighter-than-expected U.S. consumer inflation report.

The broad market index gained 0.4%, while the tech-heavy Nasdaq advanced 0.6%. The Dow Jones Industrial Average climbed 182 points, or 0.5%, trading within reach of its record levels.

The CPI rose 0.3% for the month of April, less than the Dow Jones estimate for a 0.4% monthly increase. The gauge increased by 3.4% year over year, in line with expectations. Monthly and yearly numbers for core CPI, which excludes volatile food and energy prices, were both in line as well.

The report boosted expectations for Federal Reserve rate cuts in the near future. Fed funds futures trading data now suggests a 51.7% likelihood that the U.S. central bank will ease rates at its September meeting, according to CME FedWatch Tool. This is up from Tuesday’s 44.9% chance of a rate cut the same month.

S&P 500, Nasdaq rise to all-time highs after light consumer inflation report: Live updates

Perhaps Eldon can tell me why Green did not post this yet?

Perhaps you can tell my why you did not post the other day when the news was not taken as positive.

And in fact avoided the thread entirely.

So now 3.4% inflation year over year is good? So, the end of next week it will be adjusted higher and no one will know.

Yeah - I'm not sure why you are cheering. These numbers aren't good. We're closer to another rate hike than a draw down. Prices still going up up up. Families still bearing the burden. Keep cheerleading though.

So, 3.4% inflation and the fed is going to look to cut rates? Are they even f*cking serious?

The average voter doesn't care about CPI numbers. It's all about groceries, mortgage rates, gas prices, and economic mobility. Nobody cares about macroeconomic data.

(05-15-2024 09:00 AM)Eldonabe Wrote:  

(05-15-2024 08:56 AM)Redwingtom Wrote:  

Quote:The S&P 500 and Nasdaq Composite popped to record highs Wednesday, adding to their strong 2024 performances, as a lighter-than-expected U.S. consumer inflation report.

The broad market index gained 0.4%, while the tech-heavy Nasdaq advanced 0.6%. The Dow Jones Industrial Average climbed 182 points, or 0.5%, trading within reach of its record levels.

The CPI rose 0.3% for the month of April, less than the Dow Jones estimate for a 0.4% monthly increase. The gauge increased by 3.4% year over year, in line with expectations. Monthly and yearly numbers for core CPI, which excludes volatile food and energy prices, were both in line as well.

The report boosted expectations for Federal Reserve rate cuts in the near future. Fed funds futures trading data now suggests a 51.7% likelihood that the U.S. central bank will ease rates at its September meeting, according to CME FedWatch Tool. This is up from Tuesday’s 44.9% chance of a rate cut the same month.

S&P 500, Nasdaq rise to all-time highs after light consumer inflation report: Live updates

Perhaps Eldon can tell me why Green did not post this yet?

Perhaps you can tell my why you did not post the other day when the news was not taken as positive.

Sure.

I was not here. Oops!

We had our annual department meeting Thursday morning. Then we got the afternoon off as a reward. I also had Friday off as our company had the first of our two Mental Health days. Additionally, I got Monday off as well as a reward for another successful tax season. And I could not post yesterday as I could not access this site from my laptop while I was in the office. I e-mailed GTS as I wasn't sure if it was on his end or not...didn't hear back...but I could finally access the site this morning while working from home.

And he likely would have posted it before I got here regardless...you know...because he thought it was bad for Biden. Like he always does.

Have you ever asked him why he never posts anything perceived as positive about Biden?

Do you ever tire of looking so fooling with this continual crusade of yours?

If you add the year over year inflation numbers for April since 2021 (4years) inflation is 20.8%. Compared to the same time period during Trump's term for April 2017 to April 2020 is 7%. April inflation numbers during the Biden term is THREE TIMES MORE than during the Trump term. But by all means let's make stocks even more overpriced. It guest inflation affects stock prices too. The upper class is separating themselves even farther from the middle class today. Yeah Marxism.

(05-15-2024 09:14 AM)WalkThePlank Wrote:  The average voter doesn't care about CPI numbers. It's all about groceries, mortgage rates, gas prices, and economic mobility. Nobody cares about macroeconomic data.

Well yeah, but Tom represents the low IQ voter, not the average voter.

(05-15-2024 09:17 AM)Redwingtom Wrote:  Do you ever tire of looking so fooling with this continual crusade of yours?

You're the one on the losing end of a crusade.

(05-15-2024 09:18 AM)BartlettTigerFan Wrote:  

(05-15-2024 09:14 AM)WalkThePlank Wrote:  The average voter doesn't care about CPI numbers. It's all about groceries, mortgage rates, gas prices, and economic mobility. Nobody cares about macroeconomic data.

Well yeah, but Tom represents the low IQ voter, not the average voter.

It's not an IQ thing. It's just more gas lighting and desperation to cover up the failures of Biden economic policy.

(05-15-2024 09:22 AM)WalkThePlank Wrote:  

(05-15-2024 09:18 AM)BartlettTigerFan Wrote:  

(05-15-2024 09:14 AM)WalkThePlank Wrote:  The average voter doesn't care about CPI numbers. It's all about groceries, mortgage rates, gas prices, and economic mobility. Nobody cares about macroeconomic data.

Well yeah, but Tom represents the low IQ voter, not the average voter.

It's not an IQ thing. It's just more gas lighting and desperation to cover up the failures of Biden economic policy.

True enough, but I still contend he has a remarkably low IQ.

(05-15-2024 09:07 AM)Eagleaidaholic Wrote:  So now 3.4% inflation year over year is good? So, the end of next week it will be adjusted higher and no one will know.

Perhaps you can point to anyone...anywhere...who said this was "good."

They're just numbers...and they were slightly less than expected. So the market reacted with an increase with record highs on the tech side while the Dow jumped close to a record high too.

Inflation alone is not the economy, as I've continually said. And I completely agree, the vast majority of the electorate does not understand, nor pay attention, to this. And of course they will vote based on their individual circumstances and what they perceive.

(05-15-2024 09:27 AM)Redwingtom Wrote:  

(05-15-2024 09:07 AM)Eagleaidaholic Wrote:  So now 3.4% inflation year over year is good? So, the end of next week it will be adjusted higher and no one will know.

Perhaps you can point to anyone...anywhere...who said this was "good."

They're just numbers...and they were slightly less than expected. So the market reacted with an increase with record highs on the tech side while the Dow jumped close to a record high too.

Inflation alone is not the economy, as I've continually said. And I completely agree, the vast majority of the electorate does not understand, nor pay attention, to this. And of course they will vote based on their individual circumstances and what they perceive.

The stock market isn’t the economy. One snapshot of one day of the stock market isn’t even the stock market.


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The inflation rate is still above the Fed’s 2% target which should (absent the baleful influence of politics) make near term Fed rate cuts untenable.

Furthermore, I read elsewhere (WSJ?) the main reason for the reduced inflation rate is a slowing economy- hardly a positive development for American pocketbooks.

Finally, past inflation is baked in and absent corresponding income of equal or greater amount American’s standard of living has taken a hit.

(05-15-2024 09:18 AM)Eagleaidaholic Wrote:  If you add the year over year inflation numbers for April since 2021 (4years) inflation is 20.8%. Compared to the same time period during Trump's term for April 2017 to April 2020 is 7%. April inflation numbers during the Biden term is THREE TIMES MORE than during the Trump term. But by all means let's make stocks even more overpriced. It guest inflation affects stock prices too. The upper class is separating themselves even farther from the middle class today. Yeah Marxism.

& in the 4 years prior to Trump under President Obama, the combined rate of inflation was only 5.5%.

The rate of inflation is steadily dropping from the pandemic-induced spike; & the US & the EU are expecting the rate to fall within the targeted range of 2% by years end.

(05-15-2024 09:41 AM)Marc Mensa Wrote:  

(05-15-2024 09:18 AM)Eagleaidaholic Wrote:  If you add the year over year inflation numbers for April since 2021 (4years) inflation is 20.8%. Compared to the same time period during Trump's term for April 2017 to April 2020 is 7%. April inflation numbers during the Biden term is THREE TIMES MORE than during the Trump term. But by all means let's make stocks even more overpriced. It guest inflation affects stock prices too. The upper class is separating themselves even farther from the middle class today. Yeah Marxism.

& in the 4 years prior to Trump under President Obama, the combined rate of inflation was only 5.5%.

The rate of inflation is steadily dropping from the pandemic-induced spike; & the US & the EU are expecting the rate to fall within the targeted range of 2% by years end.

But the economy sucked ass under Obama and there was no real wage growth for anyone except the uber wealthy.

ALso, inflation is not dropping from the pandemic induced spike. There was no inflation until after sh*t turds took control of the whitehouse and congress and passed trillions in unnecessary spending including money to pay people to not work. Also, shutting down energy production was a sh*t move that caused the price of everything to increase every step of the way the the logistics pipeline. Nice move there, dipsh*ts.

Also, the "pandemic" did not cause logistics issues. Mayor buttplug and his band of idiots caused it.

You dont get to rewrite history on this one. We told you on this very forum that the moment they passed that enormous spending bill it would cause inflation.

Well it did.

And it will until you curb spending.

But dont worry, the guy who created the best economy in the history of the world will return and show you how its done. again.

(05-15-2024 09:32 AM)WalkThePlank Wrote:  The stock market isn’t the economy. One snapshot of one day of the stock market isn’t even the stock market.

Yeah, everyone knows that. Your point?

(05-15-2024 09:50 AM)UofMstateU Wrote:  

(05-15-2024 09:41 AM)Marc Mensa Wrote:  

(05-15-2024 09:18 AM)Eagleaidaholic Wrote:  If you add the year over year inflation numbers for April since 2021 (4years) inflation is 20.8%. Compared to the same time period during Trump's term for April 2017 to April 2020 is 7%. April inflation numbers during the Biden term is THREE TIMES MORE than during the Trump term. But by all means let's make stocks even more overpriced. It guest inflation affects stock prices too. The upper class is separating themselves even farther from the middle class today. Yeah Marxism.

& in the 4 years prior to Trump under President Obama, the combined rate of inflation was only 5.5%.

The rate of inflation is steadily dropping from the pandemic-induced spike; & the US & the EU are expecting the rate to fall within the targeted range of 2% by years end.

But the economy sucked ass under Obama....blah blah blah

You're such a pathetic partisan liar.