Love fellow rubble capital, hope you're well.

So we have the new PPI data come out this morning, and it was, drum roll, please.

Negative month over month.

That is correct.

Negative.

So what this means for the Federal Reserve is the probability for a 25 basis point cut or a 50 basis point cut has skewed massively.

Now, what's interesting is what's going on with the CME and this Fed Watch,

because they're not really adjusting the probabilities to a significant degree.

And I think, I don't like to make too many predictions on this channel,

but I think especially if we get a weak CPI number or below expectations tomorrow,

but that's the big print, that that is going to change everything as far as the Fed's calculation

on whether or not they're going to lean more toward the 25 basis point cut or more toward

the 50 basis point cut. Because up until now, or up until yesterday, especially up until last

week prior to getting the non-farm

payrolls, everyone was saying, oh, it's just 20. In fact, they were saying it's either 25 or a pause.

Like 50 wasn't even on the bingo card. For other, well, for most people, the mainstream media,

let's say, wasn't even on the bingo card,'t even a possibility and all of a sudden as we get

more and more data it's like the probability is going straight up are no certainty is only

probabilities but what we're talking about here is the big change in the probabilities okay so let's go

over to well let's go over to, well, let's go over to the BLS report. And here's the

punchline and then we'll go over to zero hedge. I made fun of zero hedge today. And I always

poke fun at them because they are like the go-to place for inflation, inflation,

...