Hello, fellow Rubble Capital, let's hope you're well.

So the CPI number is out.

And the market is surprised, to say the least,

consensus was 7.3, and we came in at 7.1. Let's get right over to

CNBC check out the details. Consumer prices rose less than

expected in November. If you were watching my videos yesterday, you saw

that I actually thought that they might surprise to the upside, that they might be 7.4 or so because

of the PPI numbers, but I got that wrong, but my overall thesis is still intact and that thesis is we will can we will see continued disinflation and that is the

CPI going down not necessarily deflation where we have lower prices but the price increases are going down.

And I thought we'd get that in Q4, Q1 of Q4 of this year, Q1 of next year,

and it seems like that's exactly what we're seeing.

Consumer price index rose just 0.1% from the previous month.

So month over month, we're almost flat, an increase of 7.1 year

of a year paired to the respective estimate. 3.73, core CPI rose 0.2 on the month and 6% on an annual basis. So that is also lower than expectations.

Stocks roared higher, following the report as investors look for signs of runaway inflation is ebbing.

Yeah, I think the wording there is a little off. Not the wording I would use. I would say

stocks roared higher following the report as investors look for signs

the Fed isn't going to raise interest rates as thought as much as they thought.

Inflation adjusted average hourly earnings for workers rose 0.5% for the month.

They were still down 1.9% from a year ago.

If you listen to the conversation I had with Joseph Wang yesterday,

he believes that this is what the Fed is paying most attention to.

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