Hey, it's Kramer, and this is my morning take on the market from today's

CBC Investing Club morning meeting.

This number today on CPI means that we should, we will see more hikes in the future or

a pause in September still likely?

Okay, I think that what this number did was give a bit of a reset. Remember, the Fed got two good numbers in a row, and it looked like things were going their way. I think the Fed wants to wait for six straight months of good numbers. I think this is a reset. We now have to wait again for six straight numbers because this wasn't that good. So what it says to me is my view that I talked about this weekend that there could be two

rate hikes is very much on the table.

It does not mean that the rate hikes, Jeff, are going to be in September, the beginning

of another rate hike.

But it does say is that this was not a good number, and anyone who thinks it's just gasoline, which

is what some people were thinking and energy, mistaken.

That's why this market plunged the moment that that journal Nick Timmerist, the Fed whisper,

the moment that story hit, the S&P plummeted.

So not a good sign, Jeff.

We have to call us.

We see it for club members. I wanted a better number.

We didn't get it.

That's what matters.

Yeah, I know still a lot of attentions on shelter, which did down tick from up 0.4% in July to up.

But to your point, still a lot of stickiness there, still a Fed split.

There is this camp that they could raise it one or two more times because they can always pull it back if there is some type of negative impact to the economy.

But we'll see there.

We do have, as you can see, the NASDAQ underperforming slightly.

...