Hello fellow rebel capitals hope you're well.

CPI numbers just out.

Let's shoot straight over to see and be see check out the details and then I'll give you my thoughts.

Are we going into more disinflation?

Are we seeing the next wave of consumer price inflation

start to take off?

Let's go right over to CNBC.

And actually, let's start with this video from Rick Santelli

he's going to pretty much summarize what we need to know and then we will discuss

it is a 30 eastern headline number is up one-tenth of a percent which is a bit

hotter than expected we are looking for a second month reading of zero last month's

reading of zero was the best read since May of zero. Last month's reading of zero was the best read since May of 2020 when it was down

one tenth. Ex food and energy up three tenths as we discuss that makes sense because of

gasoline prices of course being down on the headline but obviously not down enough up up three tenths in the rearview mirror it was up two tenths

You know we had two three tenths in a row in August in September, then in October, it moved down to two-tenths.

So the annualized rate is not going to move lower.

The three month was 3.4, the six-month was 3.2, they're not going to breach that 3% on these numbers. Now let's look at year

over year. Year over year 3.1 exactly as expected. 1enth lighter than 3.2.

The best we had was June of this year at 3.0

that was the best since March of 2021.

And if you strip out food and energy,

it's up 4%, exactly the same as our last read. And the last read in

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