I'm Chris Hill joining me in studio today, Motley Full Senior and Les Bill Man.

Nice to see you.

Hey Chris, how you doing?

I'm doing well.

I'm doing well because for the second time in less than a week, we got some lovely

big macro data in the form of the last week, it was the consumer price index.

This morning we get the producer price index.

Once again, sign that inflation is cooling down, the market, not shooting to the moon like

it did last week, but that's probably just as well.

This is for people looking for clues that inflation is cooling down, we just got another piece

of that puzzle.

We did.

It came in at 7.2 and it's important to note that the producer price index includes things

like food and energy, which are wildly variable at all times.

The core producer price index was even lower.

It was essentially flat.

It is really good news, but it does feel bizarre to think that like a year ago that we would

have said, hey, PPI number of 7.2, yes, thank goodness.

It is in fact another piece of evidence that inflation has peaked.

We don't know for sure, but it's always interesting to me to look at big macro and

people are very, very sensitive to its movements.

This would suggest that inflation actually peaked back in March.

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