Hello fellow Rebel capitalists hope you're well so the new

CPI numbers are out it is official and the market is surprised let's get right

into the headlines and check out what happened.

CMBC July, the CPI report shows inflation gauge rose.

Now this is year over year, 3.2% less than expected. Now this isn't a huge miss or anything like that. It's not earth shaking by any means. But we were expecting or the market was expecting 3.3 comes in at 3.2.

So the market I'm sure is off the races. We'll check to see how the markets

responded as far as the bond market, the stock market gold. the that the Fed might pause I'm sure is going to make stocks go straight up to the moon.

Let's see, but I think the devil's in the details as always.

So Core didn't change much. Stayed at 4.7% according to the Fed that's what they pay most attention to.

Although I take that with a grain of salt because like we said yesterday everything they say they pay attention to they pretty much ignore whenever it doesn't fit their narrative.

So excluding volatile food and energy. There it is. I always make fun of them for saying

whenever they use food and energy whenever those words are together they always have to

preface with volatile volatile oh my

whoa time out food and energy why didn't you tell me you're gonna mention something

about that why didn't you why don't you say volatile first? He

caught me off guard. But then they went away from doing that. They stopped doing it

for a couple of months, but looks like now they're back on the volatile train. So prices,

let's see excluding volatile food and energy so-called core

C. P. I also increased 0.2% for the month, matching the estimate, equating to a 12-month rate of 4.7% lowest

since October 2021.

So maybe it did notch down a bit there. The annual rate for core was slightly below the

Dow Jones consensus estimate of 4.8 percent markets reacted positively to the

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