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Rebel Capitalist News

News: New CPI Numbers Shock Market (Here's What You Need To Know)

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 18 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Robo capitalists hope you're well. The new

0:02.5

CPI data is out and it's surprised on the upside. That is right.

0:08.8

I think the headline,

0:10.1

CPI number has gone up to 3.7. Wow, so I've been in the disinflation camp, maybe I've been wrong.

0:19.2

Definitely want to keep an open mind. I want to be objective. I never want to let ego get in the way of

0:24.9

analyzing the data. So let's get right into these numbers and I'm going to go over

0:30.2

what I think you need to know, what the important parts in the

0:34.7

CPI report actually are because as always the devil is in the details and at the

0:39.4

end of this video we're going to go over how markets are actually responding to this newest

0:45.6

CPI report and what I think that's probably the biggest story the markets in my

0:51.6

opinion are doing the opposite of what I thought they would have.

0:56.0

So let's check this out. We'll start by going over to Zero Hedge.

0:59.0

And title of this post on the CPR report, Wall Street reacts to today's glass half full,

1:05.8

glass half empty,

1:07.6

CPI report.

1:09.2

So when you look at the headline,

1:11.0

you look like, it looks like it just surprised on the upside and therefore what I thought is okay the

1:17.5

probability the Fed increases rates now has just gone through the roof and therefore stock market down and then you

1:25.0

know NASDAQ down probably Bitcoin down maybe even gold down interest rates up

1:29.5

etc but like I said I was completely surprised by how the market responded.

1:35.0

We're going to go over that in just a moment, but this article has kind of shed some light as to why there's more to it than just what happened to headline

1:44.4

CPI. As discussed and previewed earlier headline inflation came in

...

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